Accountancy, asked by Saikiran2631, 2 months ago

The transaction in foreign currency recorded in the books of accounts at on date on which transaction takes place

Answers

Answered by kalakotlachethan
0

Explanation:

foreign currency transaction should be recorded, on initial recognition in the reporting currency, by applying to the foreign currency amount the exchange rate between the reporting currency and the foreign currency at the date of the transaction. 10.

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