alleryStart learning →A non-integral unit's asset of FC 50,000 was bought at Rs 5.00 per FC; closing rate is Rs 5.40. Translated value?
ARs 50,000
BRs 2,70,000
CRs 2,50,000
DRs 2,60,000
Answer & Solution
Correct answer: B. Rs 2,70,000
Assets of a non-integral operation go at the closing rate, so 50,000 x 5.40 = Rs 2,70,000.
Keep practising AS 11 Foreign Exchange
Browse all AS 11 Foreign Exchange questions for CA Inter, or explore more Accounting topics.
Related questions
Sales prices set mainly by local competition or regulation point to aAn active local sales market for an operation's products suggests it isUnder the long-term item option, differences on a depreciable asset areA foreign currency item is a long-term monetary item if its term at origination is at leasParagraph 46A covers accounting periods commencing on or afterThe paragraph 46 option for long-term monetary items applies from periods starting on or aBesides transactions and foreign operations, AS 11 coversPresentation of foreign currency cash flows in a cash flow statement is covered by