AS 11 Para 46A

Whether Para 46A of AS 11 is optional or mandatory for a company?
Replies (2)

1. Para 46A is optional for entities .

2. however such option is irrevocable and should be applied to all FCMI.

3. If entity not opted para 46A than treatment of FCMI is done as per Para 13 of AS.

It is an optional treatment however once adopted cannot be revoked.

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