As 11

This query is : Resolved 

13 May 2013 treatment of bills recivables /payables of a foreign branch on closing date.
which rate of translation to apply?

13 May 2013 Firstly check whether it is Integral or Non-Integral Foreign operations, if you are asking practically. If you query is for study questions, then kindly refer ques only.

27 June 2013 If the Balance Sheet is finalised at a later date then the closing date and the fluctuation is on higher side then the higher rate is to be taken or otherwise the rates as prevailing on the date of closing of your account. The auditor will give a note for rates taken.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries