alleryStart learning →The paragraph 46 option for long-term monetary items applies from periods starting on or after
A1st April, 2004
B7th December, 2006
C31st March, 2020
D1st April, 2011
Answer & Solution
Correct answer: B. 7th December, 2006
Paragraph 46 covers accounting periods commencing on or after 7th December, 2006.
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