What do you mean by SPOT Rate in case of Foreign

What do you mean by SPOT Rate in case of Foreign Branch...???..

Answer / anubhavbansal2002

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

Post New Answer

More Accounting AllOther Interview Questions

what is the difference between accrual and provision

2 Answers   Genpact,

under which category petty cash expences will fall in tally ERP.9?

5 Answers  

If we (Company Side) call a engginier (supplier) for Repair & Maintenance & arrange loading & boarding for him, then this loading & Boarding expens will be booked in Repair & Maintenance or Entertainment.

1 Answers  


0 Answers   ICICI,

Journal entry for cheque issue but not yet realised.

11 Answers   Bajaj,

why balance sheet should always tally?

9 Answers  

what is Opening & Closing Balance?

4 Answers   EDS,

How can we link a file, directy to Tally for a update ledger report in M.S.Excel ?

1 Answers  

What are rules of double entry system ?

3 Answers   Siemens,

What comes under the head SHARE CAPITAL in Liability side . say in proper order.

7 Answers   Ernst Young,

Entry of Accrued and unearned income ?

2 Answers  

is there any board resolutions in case of a proprietorship firm

1 Answers