Can we make exchange rate valuation on accounts with foreign currency at the end of the months? What rate should we use when making exchange rate valuation? (In Turkey)
Can we make exchange rate valuation on accounts with foreign currency at the end of the months? Can we make it with buying rate of exchange, not with effective buying rate?
The valuation of the deposit bank account with foreign currency is made with buying rate of exchange. You can make a valuation at the end of the months as well as at the end of the advance tax period.
Source: İSMMMO
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