alleryStart learning →A subsidiary has assets FC 1,000, liabilities FC 400; closing rate FC 1 = Rs 60. Net assets in rupees?
ARs 60,000
BRs 36,000
CRs 24,000
DRs 84,000
Answer & Solution
Correct answer: B. Rs 36,000
Assets and liabilities both use the closing rate, so net assets of FC 600 times Rs 60 equal Rs 36,000.
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