As 11

Accountancy

In AS 11 The foreign exchange rate is used form which source. Even a change in paise can Make big impact on huge project. So which is the official source RBI, or any other banks?

Akshara Chandar

CA Final

★ 1K+

05-Oct-21 21:10

474

Answers (1)

Usually closing rates at day end are used. The rates are same across all banks and are provided to clients when asked.

Sriram Somayajula

Admin

05-Oct-21 21:23

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As 11

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