Applicability of AS -11
This query is : Resolved
Manoj Kumar
(Querist)
05 December 2007
If we have taken forward Exchange Contract then what accouting should be needed in our bookes. If we have not given any accounting effect for same then what will be consequences?
jegannath G
(Expert)
27 February 2008
normally the difference between the rate prevailing at the time of the transaction and the forward contract rate should be spread over the period of the contract
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