05 September 2013
HELLO SIR We have received an advance from our foreign debtor $123125 @54.45 on 01/03/2013. What will be the treatment for the same as on 31/03/2013 as per AS 11.
05 September 2013
u need to ake the rate as on 31.3.2013 by rbi and the diff needs to be adjusted in FCMTDI a/c as per recent ammendment in para 11 of AS-11.
CAclubindia
