alleryStart learning →A USD 5,000 receivable booked at Rs 82 stands at Rs 80 at year end. Effect?
AP&L gain Rs 10,000
BOCI loss Rs 10,000
CP&L loss Rs 10,000
DP&L loss Rs 2,000
Answer & Solution
Correct answer: C. P&L loss Rs 10,000
The receivable falls from Rs 4,10,000 to Rs 4,00,000, an exchange loss of Rs 10,000 taken to profit or loss.
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