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Revaluation of PCFC Loan (Accounts)

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This query is : Resolved

( Querist )
21 November 2008

Confirm whether PCFC Loan taken in foreign currency will be revalued at TT Selling rate or Average rate

Deepak Agrawal

( Expert )
21 November 2008

Loan taken means its ur liability.
U have to repay in foreign currency. So U will have to purchase foreign currency for payment of loan

so value at TT Seeling rate
Selling rate in pt of view of dealer.
SO if U will buy, he will sell.
So TT Selling Rate



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