AS - 11(Advance Received)
This query is : Resolved
CA Mohit Kumar Tyagi
(Querist)
22 September 2007
Q. we have Received Advance from customer in foreign currency. does we have to revise it at the Balance Sheet Date?
22 September 2007
Yes any foreign currency transaction during the year should be taken in to account at the time of book closure for the year.
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