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What Exchange rate for foreign entity do we take in Income Statement and Balance Sheet? Which is the Best Website for Exchange Rate.

Analysis Consolidation Financial Reporting Financial Accounting Finance
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Question added by Mohammed Haseeb Musba , Management Accountant / Senior Financial Analyst , International Food Services
Date Posted: 2015/02/09
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Saifullah Shirazi
by Saifullah Shirazi , Senior Accountant , Suraj Cotton Mills Limited

Exchange Rate prevailing @ the date of end of financial Year i.e. Balance Sheet Date

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