Example: stock market
Answers - ACCA Global
The price charged to the associate was below the market value of the goods by Rs. 200,000. The sales are, therefore, enhanced by this amount to reflect the correct value as if it were an arm’s length transaction. [ss.68 and 108] Note 2 The closing value of stock-in-trade for a tax year can be the lower of cost [Rs. 35,000,000] or net realisable
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