Multiple Choice Questions on In AS 11 is the specified exchange rate for exchange of two currencies at a specified futu........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

In AS 11 is the specified exchange rate for exchange of two currencies at a specified futu...........

Accountancy (Phase -I & II) Accounting standards
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    In AS-11, .................. is the specified exchange rate for exchange of two currencies at a specified future date.

    Foreign currency 

    Incorrect Answer

    Forward exchange contract 

    Incorrect Answer

    Average rate 

    Incorrect Answer

    Forward rate 

    Correct Answer
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    Explanation:

    In AS-11, Forward rate is the specified exchange rate for exchange of two currencies at a specified future date.

    By: SWAPNIL AGGARWAL
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