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 public accounting?
What do you know about this position?
What is the abbreviation for the accounting terms debit and credit?
consultancy charges receivable Rs 30000 from abc & co. tds receivable 3000
Do you know retail banking?
What is journalizing? What are the columns of a journal?
what is the relationship between bookkeeping and accounting?
what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.
IS THERE ANY DIFFERENCE BETWEEN PAID UP CAPITAL AND PAID IN CAPITAL?
what's the difference between impress cash account and petty cash account
How to pass an general entry for materials which are stored in warehouses??????
can any one tell what is the selection proces in cognizant for MBA finance
x pay incentive to y with tds@10%.what is the journal entry in the books of x & y?
how to individual capital account.
1.what is the entry of petrol of payment made by credit card of owner? 2.what is the entry of petrol of payment made by credit card of Company?