alleryStart learning →A weighted average exchange rate may be used if it:
AApproximates the actual rate
BIs lower than the actual rate
CIs set by the auditor
DEquals the closing rate
Answer & Solution
Correct answer: A. Approximates the actual rate
Ind AS 21 permits a rate that approximates the actual rate, for example a weighted average.
Keep practising Ind AS 7 Statement of Cash Flows
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