Question
On 1st Jan, X Ltd. purchased machinery from USA for
$50,000 when exchange rate was ₹75/$ = ₹37,50,000. At balance sheet date (31st March), rate = ₹78/$. How should the machinery be valued?Solution
AS 11 requires monetary items to be restated at closing rate. Hence $50,000 × 78 = ₹39,00,000. Exchange difference = 1,50,000 → P&L.
Which of the following cities of Uttrakhand was also known as Sahajgarh during the rule of Mughal Ruler Akbar?
What is the overall capacity of the Srinagar Hydroelectric Project?
The Great Indian Thar desert is India’s largest and it is in the list of World at the number?
What was the highest denomination note ever printed by the Reserve Bank of India (RBI)?
Ustad Bismillah Khan is famously associated with which musical instrument?
Where is the headquarters of the Badminton Association of India (BAI) located?
Nanda Kishore Prusty passed away. Who was he?
The Silk city of Bihar is _____
When you travel in the Himalayas, you will see the following:
1. Deep gorges
2. U-turn river courses
3. Parallel mountain ranges
In 2023, which country became the first to legally accept Bitcoin as legal tender alongside the US Dollar?
