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AS Foreign Exchange Rate

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(Querist)
12 April 2008 Respected Sir,

I had Paid Advance against Machinery on 30th Sep 2007

Machinery received on 13th Nov 2007 (Bill of Leading Date 13th Nov 2007)

Balance Payment made on 15th Nov 2007

Which Date foreign Exchange rate I have to apply As per Accounting Standard 11


With best regards,

Vilas
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KAAPIL

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KAAPIL (Expert)
16 July 2008 Bill Date. If you make more payment it is loss. If it is less it is profit.

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