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Ind AS 21 foreign currency conversion

Financial Reporting

Assuming I have USD 2000 receivable on 31st March reporting date. To convert the same into INR from where to exchange rate from RBI website or any other bank wesbite


swaminathan sundaram

swaminathan sundaram

CA Final

110

07-May-24 11:31

39

Answers (1)

RBI or bank rate or market rate. But it has to be consistent


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

07-May-24 14:00

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