AS 11

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sayeed (Querist)
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10 June 2010 what is traetment as per as per AS 11 for Advance paid to foreign supplier to purchase an asset.As on closing date the amount should restated?

Aditya Maheshwari

Aditya Maheshwari (Expert)
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10 June 2010 Yes as the same is a loans & advances item the same should be restates at the closing prices.

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