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Applicability of as 11 on advance payament received against

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(Querist)
25 September 2015 my query is whether AS 11 is applicable to advance payment (50% advance )received against exports to made.
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RahulMehta

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RahulMehta (Expert)
25 September 2015 Revaluation of all financial/monetory items need to be done at every reporting date as per AS-11.

Exchange difference on advance amount is to be transferred to P/L

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