Dear members,
Kindly tell me the scope and applicability of AS 30 and 11 in case of Forex Forward Contracts ?
How is the accounting to be done of Forex Forward Contracts ?
Shridhi Jain (Company Secretary) (1678 Points)
13 June 2011Dear members,
Kindly tell me the scope and applicability of AS 30 and 11 in case of Forex Forward Contracts ?
How is the accounting to be done of Forex Forward Contracts ?
Rajnikant Vadigoppula
(CA, CS And CMA Final)
(919 Points)
Replied 13 June 2011
as per INDAS 31 not as per INDAS 11.