Forward contracts comes under as-11 or as-30
This query is : Resolved
divya deepthi
(Querist)
30 August 2012
Please guide,
My Company is a 100% EOU, entered in to fwd. contracts, to mitigate the currency fluctuation risk. These fwd contracts whether recorded as per AS-11 or AS-30?
Adv. thnx.
My Company is a 100% EOU, entered in to fwd. contracts, to mitigate the currency fluctuation risk. These fwd contracts whether recorded as per AS-11 or AS-30?
Adv. thnx.
CA Ayush Agarwal
(Expert)
30 August 2012
Foreign Exchange Fluctuation Book as Per AS11
&
Investment if Any Book as Per AS30.
Both are Applicable at The Same Time.
These are Not Substitute.
Both are Mandatory.
&
Investment if Any Book as Per AS30.
Both are Applicable at The Same Time.
These are Not Substitute.
Both are Mandatory.
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