What do you mean by SPOT Rate in case of Foreign
Branch...???
Answer Posted / anubhavbansal2002
SPOT rate means rate prevallng on the date of purchase of a
fixed asset or incuring any long term liability.
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sir, i am working recruitment con.pvt ltd inthat one person salary will pay per month Rs.28000/- so i want to enter in our books only one salary payment or basic pay and spl.aa and others like this break up entrys we will pass please suggest
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