AS

It will be recorded at Rs 80 Because we have already made the payment if payment is made when ind Rs 83 then we will record at Rs 83 The actual amount which is incurred

Amit Pandit

CA Final

★ 33K+

02-Mar-23 14:03

Is this as per AS 11 right

Thread Starter

Prasanna Ram

CA Inter

★ 0

02-Mar-23 14:42

Yes

Amit Pandit

CA Final

★ 33K+

02-Mar-23 20:09

Here advance paid is a non-monetary item. It will not be restated. So you will record at 80 only.

CA Suraj Lakhotia

Admin

04-Mar-23 04:41

Tq sir

Thread Starter

Prasanna Ram

CA Inter

★ 0

04-Mar-23 08:42