Query on AS 11 & AS4
This query is : Resolved
17 November 2008
A co sold goods to a major frn party @ 42 rs/usd.On b/s date co booked d exchange diffrence on the same i.e as per rate of 31 march 2008 of rs 39,but on b/s signing date ex rate changed drastically to 46rs/usd...now wat wud be implications as per AS11 & AS4???wat shud be da rate at which ex diffrence shud be booked by the co??pls help.....
17 November 2008
no exchange difference is to be provided as no circumstances exist on 31/3 -AS-4
20 November 2008
sir tell me if no effect on acs then are any disclosures reqd in dis scenario???
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