QUESTION 111 Trade receivables as on 31.3.2019 in the books of XYZ Ltd. include an amount receivable from Umesh Rs.5,00,000 recorded at the prevailing exchange rate on the date of sales, i.e. at US $ 1= Rs.58.50. US $ 1 = Rs.61.20 on 31.3.2019. Explain briefly the accounting treatment needed in this case as per AS 11 as on 31.3.2019