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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
What do you mean by SPOT Rate in case of Foreign 
Branch...???
 Question Submitted By :: Anubhavbansal2002
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What do you mean by SPOT Rate in case of Foreign Branch...???
Answer
# 1
SPOT rate means rate prevallng on the date of purchase of a
fixed asset or incuring any long term liability.
 
Is This Answer Correct ?    3 Yes 1 No
Anubhavbansal2002
 

 
 
 
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IF A COMPANY PURCHASE THE GOODS FOR RS. 100 AND INTENDS TO SELL IT FOR 200. WHAT IS THE JOURNAL ENTRY FOR THIS? Cap-Gemini17
 
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