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Weighted Average Cost

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  • Weighted Average Cost

    For companies to whom Accounting Standards 13 apply, the investments are to be kept on the Weighted Average Cost basis (Para 22) vs in Income Tax of FIFO basis. The reports include workings on FIFO basis. I think an additional report may be generated to provide working on a weighted average cost basis as well. This would enable companies to keep track of the cost and gains in Books which may be different in Income Tax.

  • #2
    Dear Kamlesh Vikamsey,

    Thank you for your suggestion. We will forward your feedback to our concern team.
    MProfit Support

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