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accounting foreign exchange

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(Querist)
03 April 2008 whether AS 11 is applicable for expenditure incurred on foreign travel in foreign currency? At what rate, balance foreign currency has to be accounted at the year end?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
03 April 2008 Please clarify what do you mean by balance foreign currency?
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CA. Yayati Tyagi

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CA. Yayati Tyagi (Expert)
27 May 2008 average of TT buying and selling rate of that date
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