Question
An Indian exporter receives a payment of USD 50,000 when
the exchange rate is ₹83/USD. At the year-end, the rate drops to ₹80/USD and the amount is still held in the foreign currency account. How is this treated under Ind AS 21?Solution
The drop in value results in an unrealised exchange loss, which must be recorded as per Ind AS 21.
What is the appropriate method for calculating the cost of inventory when there are significant fluctuations in purchase prices?
Which among the following is not a type of treasury bill issued in India ?
Which of the following has the right to sell an asset at a predetermined price ?
HDFC Bank launched GIGA, a financial product designed for which group of individuals?
Observing changes in the financial variables across the years is:
Which of the following describes a mechanism to maintain stability in price after listing of securities?
If the price of a good increases while all other factors remain constant, what is most likely to happen according to the law of demand?
 Where is the headquarter of SIDBI located?
The FSIB is responsible for recommending to the government the person for appointment to the Board of financial institutions. What is the full form of F...
What is the nominal value of the Sovereign Gold Bond Scheme 2023-24 - Series IV per gram of gold?
