AS 11

 ya.. sundry debtors r to b reported using closing rate as per as-11

if closing rate is unrealistic den avg. rate to b used. 

and the difference between debtors original rate and closing rate will be transferred to profit and loss account in foregin exchange gain or loss

hi i wanted to ask what do you mean by closing rate..??

As it is being monetary asset, it will be restated using the closing buying exchange rate given by RBI.