| Originally posted by : Sunshine... | ||
 |
i have the answer but its wrong...in book they just messed up the figures so its incorrect there.. see 1 thing m sure is that...in case of calculations for the right hand currency (SGD) we use (FR-SR)/FR*100*12/m |
 |
The 2 formulas that can be derived can be -
SR-FR/FR OR FR-SR/SR
but i haven't ever seen FR-SR/FR.
Still as u r not convinced, if no one else clarifies, the best suggestion from my side would be to refer module of ICAI to check the formula...no harm in trying...
CAclubindia
