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As-11

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 June 2015 Respected Sir

I want to know that is it compulsory to revalued our foreign debtors as on 31st march?

If yes than on which rate??

Whether AS-11 is applicable to pvt ltd and partnership firm also or not.

Whether there is any exemption available to any entity or not ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 June 2015 Yes it has to be revalued on the exchange rate prevailing as on 31st March.
AS 11 applicable to Pvt ltd but not to firm.
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Rupesh Jain

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Rupesh Jain (Expert)
24 June 2015 FOR PVT LTD./LTD YOU HAVE TO FOLLOWS ACCOUNTING STANDARDS
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