As-11 advances to foreign suppiler as on balance sheet date

CA. Rohit Vishambhari, Vns. (Chartered Accountant) (150 Points)

21 August 2012  
Whether an advance with the foreign supplier as on balance sheet date is to restated in terms of AS-11 using the exchange rate on balance sheet date. Payments are made in us $. Kindly assist on the above. Thanks in advance.