What is a wash rate in foreign exchange accounting?
Answer Posted / n v nayak
When you buy/sell or sell/ buy 2 foreign currencies, the
rate at which the value is translated in to Indian Rupee
for accounting purposes by an Indian enterprise.
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
Do you know any other accounting application?
Can a company deduct TDS & provide TDS certificate for a bill without actually making payment towards the same??
What is accounting & why it is used?
Tell me what is the equation for acid-test ratio in accounting?
What is the meaning of scrap value in accounting?
Hi, I am working at Himachal Pradesh, there we pay entry tax for purchase other state. but now govt decide this tax will be deposited with Sale Tax return, now my question is that where column i show this tax or which challn i deposit this tax
What is capital adequacy ratio? What is demat account?
What do you mean by Bill of Exchnage.How to manage ? Explain
How to make a entry in tally for Land & Building Purchased for RS.1,65,00,000/-(Total Consideration)Paid Installment wise as 30 lakh,10 lakh,20 lakh & 1,30,87,500
what is groups and and ledgers in tally can you give why we need to prepare them
Assigning natural account to accounting seg. What will happen
how to pass journal entries for reverse tax on input tax paid
What is the diffrent job&project accounting?
I got a transaction of Online Recruitment Charges, So What is the Ledger to Create?
i am working in construction company.we have more then one projects.i enter attendance in payroll projectwise.i want salaries in projectwise not overall in payroll autofill. thankyou sir