alleryStart learning →A spot exchange rate in Ind AS 21 is the rate for which delivery?
ADelivery after three months
BDelivery on a fixed future date
CDelivery at next reporting date
DImmediate delivery on the day
Answer & Solution
Correct answer: D. Immediate delivery on the day
Spot means the rate applicable to an exchange completed immediately, as opposed to forward rates for later delivery.
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