Multiple Choice Questions on In AS 11 Exchange rate is ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

In AS 11 Exchange rate is ........

Accountancy (Phase -I & II) Accounting standards
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    In AS-11, Exchange rate is 

    the ratio for exchange of two currencies.

    Correct Answer

    the mean of the exchange rates in force during a period

    Incorrect Answer

    exchange rate at the balance sheet date.

    Incorrect Answer

    None of these

    Incorrect Answer
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    Explanation:

    Exchange rate is the ratio for exchange of two currencies.

    By: SWAPNIL AGGARWAL
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