AS - 11(Advance Received)

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CA Mohit Kumar Tyagi (Querist)
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22 September 2007 Q. we have Received Advance from customer in foreign currency. does we have to revise it at the Balance Sheet Date?

CA. Dashrath Maheshwari (Expert)
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22 September 2007 Yes any foreign currency transaction during the year should be taken in to account at the time of book closure for the year.

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