Restatement of monetary and non monetary items
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2012
Dear sir/Madam
Please let me know whether advance amount paid in foreign currency in respect of fixed asset purchase as balnce sheet date is to be restated as monetary item or non monetary item.
Thanks for prompt reply .
Please let me know whether advance amount paid in foreign currency in respect of fixed asset purchase as balnce sheet date is to be restated as monetary item or non monetary item.
Thanks for prompt reply .
17 July 2012
Refer response in the following link:
https://www.caclubindia.com/experts/as-11-query-foreign-currency-advance-restatement-1026094.asp
https://www.caclubindia.com/experts/as-11-query-foreign-currency-advance-restatement-1026094.asp
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Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2012
dear sir thanks for your reply.
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