Foreign Exchange for Financial Statements
This query is : Resolved
Purushotham
(Querist)
03 June 2010
Hello,
Can we take average exchange price for P&L at the end of the year?
For example: 41.10(Q1)+42.52(Q2)+40.35(Q3)+45.20=42.29(Avg Price)
Can we take average exchange price for P&L at the end of the year?
For example: 41.10(Q1)+42.52(Q2)+40.35(Q3)+45.20=42.29(Avg Price)
04 June 2010
The average will be of the exchange rates at the begining and at the end of the year and not of quarters as mentioned in your query
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