📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    If a company has a foreign branch, how are its financial

    statements translated as per AS 11?
    A All items at the historical rate Correct Answer Incorrect Answer
    B Based on management discretion Correct Answer Incorrect Answer
    C All items at the closing rate Correct Answer Incorrect Answer
    D Monetary items at the closing rate; non-monetary items at historical rate Correct Answer Incorrect Answer

    Solution

    The correct answer is D

    Practice Next
    More Accounts Questions
    ask-question