alleryStart learning →Which standard covers presenting foreign currency cash flows?
AInd AS 109
BInd AS 7
CInd AS 29
DInd AS 36
Answer & Solution
Correct answer: B. Ind AS 7
Cash flow presentation for foreign currency transactions and foreign operations is governed by Ind AS 7.
Keep practising Ind AS 21 The Effects of Changes in Foreign Exchange Rates
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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 area does Ind AS 21 leave to Ind AS 109?