Applicability of AS -11

This query is : Resolved 

05 December 2007 If we have taken forward Exchange Contract then what accouting should be needed in our bookes. If we have not given any accounting effect for same then what will be consequences?

27 February 2008 normally the difference between the rate prevailing at the time of the transaction and the forward contract rate should be spread over the period of the contract



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Unanswered Queries