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.

Is This Answer Correct ?    3 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

In case of new admission of partner what will be the adjustment for the sharing ratios

1651


What is the relationship between, issued share capital, share premium and paid up capital?

1931


what are the purpose for the preparation of cost centre ?

1643


i want the difference p&l a/c and Income and expediture statement

1631


if not found suitable for the post applied for, are you willing to be considered for a lower post yes / no ? why?

1455






what is contigent liabilities? whats it status in balance sheet?

1813


Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?

1772


Rs. 23.50 ( Rupes twenty three & paise fifty only) what is euro Conversion?

1682


What is intangiable asset?Which contents are to be verified during cheking the Transporters' bills?

1774


How and by whom the Percentage of Depreciation is fixing?

2000


Define the word Profit in terms of business

1733


If we spend a sum of Rs.10 Lacs towards Processing and Upfront fee for obtaining working capital term loan. can we treat this amount as a deferred revenue expenditure or not

1641


barwaha

703


what is the step in preparing the schedule of audit? can someone explain for me?

1577


what is the organisation chart for accounting and finance ?

1960