alleryStart learning →A USD 10,000 payable booked at Rs 80 stands at Rs 82 at year end. Exchange effect?
ALoss of Rs 20,000
BNo effect on profit
CGain of Rs 20,000
DLoss of Rs 8,00,000
Answer & Solution
Correct answer: A. Loss of Rs 20,000
The payable rises from Rs 8,00,000 to Rs 8,20,000, so a loss of Rs 20,000 goes to profit and loss.
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