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AS11 (foreign exchange)

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(Querist)
24 September 2007 Q. my question was when we receive advance from custome in foreign currency we need to disclose it in closing rate or at the rate prevailing during the transaction ?
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Ravikumar.G

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Ravikumar.G (Expert)
24 September 2007 We have to book only in closing rate not in prevailing rate.
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KAAPIL

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KAAPIL (Expert)
10 November 2007 Thanks.




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