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In foreign branch fixed asset shall be converted at  which rate? a) opening rate b) average rate c) rate of the date of purchase d) none of these

Accounting Cost Accounting Financial Accounting Bank Accounting managerial accounting
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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/10/26
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Khaled Mohee Eldeen Abbas Mahmoud
by Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed

c) rate of the date of purchase

Ayman Esa Mustafa Farrag
by Ayman Esa Mustafa Farrag , مدير مالي , شركة الصفوف

C,,,,

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

The Answer C

Khaled Abdelrehim ACCA DipIFR CMA
by Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

Answer C - rate of purchase date

FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

BOTH  ANSWERS  A & C

IN CASE OF  PRE-Existence

a) opening rate 

IN CASE OF PURCHING 

c) rate of the date of purchase

 

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