Start learning →

Which is only supporting evidence of functional currency?

ACurrency that influences sales prices
BCurrency of funds raised from financing
CCurrency that influences material costs
DCurrency of country fixing prices
Answer & Solution
Correct answer: B. Currency of funds raised from financing
Financing currency and the currency in which operating receipts are retained are secondary indicators.
Practise this question with Quill — CA Final →

Keep practising Ind AS 21 The Effects of Changes in Foreign Exchange Rates

Browse all Ind AS 21 The Effects of Changes in Foreign Exchange Rates questions for CA Final, or explore more Financialreporting topics.

Start a Ind AS 21 The Effects of Changes in Foreign Exchange Rates lesson →
Related questions