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Exchange Rate Difference

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(Querist)
12 January 2011 Please advice if AS 11 requires entities to recognize ERD on PO's raised but Materials still in transit. Please not that no liability has been booked for the same and no advance has been paid.

URGENT..Thanks
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
12 January 2011 ERV , will not apply if no liability in the book.

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