Under what rate will be the Head office related accounts, like Head Office Cur

Under what rate will be the Head office related accounts,
like Head Office Current A/c, Goods from Head Office A/c,
will be converted in case of Foreign Branch...??

Question Posted / anubhavbansal2002

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Under what rate will be the Head office related accounts, like Head Office Current A/c, Goods from..

Answer / anubhavbansal2002

There is no need of conversion for such aacounts as the
exact conversion amount is available from the Head Office
books... i.e. transactions of such accounts are recorded in
both Head office books as well as branch books.

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