alleryStart learning →Which entity qualifies as a foreign operation under Ind AS 21?
AA supplier located in another country
BA subsidiary or branch in another currency
CA customer who pays in foreign currency
DA bank providing a dollar loan
Answer & Solution
Correct answer: B. A subsidiary or branch in another currency
A foreign operation must be a subsidiary, associate, joint arrangement or branch whose activities are based in another country or currency.
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Related questions
A lends to foreign subsidiary B, no settlement planned. The loan is part of:In assessing exchangeability, which is considered?Does a normal administrative delay make a currency not exchangeable?If a currency is not exchangeable, what must the entity do?How does Ind AS 21 define an exchange rate?An exchange difference arises from translating currency units at what?What are the two principal issues in Ind AS 21?Which standard covers presenting foreign currency cash flows?