FOREIGN BRANCH
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 September 2010
AT WHICH RATE SHOULD FIXED ASSETS BE RECORDED IN BALANCE SHEET OF FOREIGN BRANCH?
CLOSING RATE?
CLOSING RATE?
30 September 2010
Hi, if it is Integral Foreign operation then apply rate as on the date of acquisition of fixed assets and if it is Non-Integral Foreign operation then apply closing rate.
Regards, CA Shakuntala Chhangani
Regards, CA Shakuntala Chhangani
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 September 2010
Thanks a lot mam
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