As-11
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 June 2015
Respected Sir
I want to know that is it compulsory to revalued our foreign debtors as on 31st march?
If yes than on which rate??
Whether AS-11 is applicable to pvt ltd and partnership firm also or not.
Whether there is any exemption available to any entity or not ?
I want to know that is it compulsory to revalued our foreign debtors as on 31st march?
If yes than on which rate??
Whether AS-11 is applicable to pvt ltd and partnership firm also or not.
Whether there is any exemption available to any entity or not ?
CA R SEETHARAMAN
(Expert)
23 June 2015
Yes it has to be revalued on the exchange rate prevailing as on 31st March.
AS 11 applicable to Pvt ltd but not to firm.
AS 11 applicable to Pvt ltd but not to firm.
Rupesh Jain
(Expert)
24 June 2015
FOR PVT LTD./LTD YOU HAVE TO FOLLOWS ACCOUNTING STANDARDS
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