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Manual - ICDS VIII : Securities
Securities held as stock-in-trade are required to be valued at actual cost initially recognized or net realizable value at the end of that year, whichever is lower. Unlisted securities or unquoted securities are to be valued at actual cost initially recognized.
Valuation of securities as stock-in-trade: mandatorily at lower of actual cost and net realizable value. Securities held as stock-in-trade must be valued at the lower of actual cost initially recognized and net realizable value at year-end. Unlisted or unquoted securities held as stock-in-trade are to be measured at actual cost as initially recognized, under the income computation and disclosure standards framework.
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