in case of Head office is in foreign eg. in us and it's branch operates in India so while conversion of currency why we need to divide it eg. (closing rate)1$=30 rs
and debtors =₹250000
so why we need to calculate like this. 250000÷30
Menu
foreign branch accounts
Replies (1)
because amount is to be converted into foreign currency i.e dollars as it is book of foreign branch
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
