CIF value declaration in Notes To Accounts
This query is : Open
29 April 2010
What is the purpose of declaring "CIF value" in notes to accounts in Annual Report of companies.
What should be the exchage rate of imports ?
What should be the exchage rate of imports ?
29 April 2010
in notes to account auditor have duty bound to disclose true and fair presentation.
So If a auditor present Import value in CIF value* Exchange rates that present fair disclosere
So If a auditor present Import value in CIF value* Exchange rates that present fair disclosere
04 May 2010
But what is the relation of "CIF" value in "True and Fair" view presentation ? I think it is due to some other requirement.
I have three exchange rates 1-Closing rate , 2-Transaction Rate , 3- Invoice Date Rate. Which one is to be taken ?
I have three exchange rates 1-Closing rate , 2-Transaction Rate , 3- Invoice Date Rate. Which one is to be taken ?
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