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Foreghn Cash Flow Conversion

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(Querist)
01 April 2009 Dear Friends
According to para 5 of AS 11 , it is not applicable on cash flows
Now if we want to Convert foreghn Company Cash Flow from Foreghn currency to INR , what rates must be used for conversion
For example Closing , Opening or average
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
01 April 2009 Rate will vary for different items. Its also depends on your consolidated method. I.e are you holding or subsidiary?
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