Foreghn Cash Flow Conversion
This query is : Resolved
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
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
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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