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Foreign exchange

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(Querist)
14 August 2012 company has followed exchange rate as per sbi consistently however in the previous year ending 31-03-2012 it has followed other bank's exchange rate, can the company do so? If yes, what are the implications?
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CA M Indani

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CA M Indani (Expert)
15 August 2012 auditor have to report the amount of change in profit or loss account due to such change in policy..

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