Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In with Facebook Sign In with Google Sign In with OpenID Sign In with Twitter

Difference in Average Purchase Price

edited April 2013 in General
Could you please check the average price of the stock calculated by MProfit? It looks like there is a mistake in the calculation. In my calculation it comes as 385.18 whereas your software tells as 396.39.

Comments

  • MProfit calculates the ave. purchase price based on the average of all the closing prices of outstanding quantities after calculating capital gains using the First In First Out (FIFO basis) method as per income tax rule. It means that the stocks purchased first will be sold off first and then after.

    Please check the closing balance report. If you check the details of Corporation bank, there are many purchases outstanding for this stock of various dates of different purchase prices. The average purchase price is based on the average derived from all the outstanding quantities and total purchase amount.

Sign In or Register to comment.