AASB 121 defines closing rate as: the exchange rate as listed by Reserve Bank of Australia at the end of the reporting period the exchange
AASB 121 defines closing rate as:
the exchange rate as listed by Reserve Bank of Australia at the end of the reporting period
the exchange rate for immediate delivery
the balance in the foreign currency reserve account at the end of the reporting period
the spot exchange rate at the end of the reporting period
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Authors: Atrill Peter, Eddie McLaney
6th Edition
0273771833, 978-0273771838
