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.
A, for the purpose of inducing B to resist from prosecuting a civil suit, threatens to burn B's house. A is guilty of
Who is a financial creditor under the IBC?
Professional communications are covered under which section of the Indian Evidence Act, 1872?
Suit may be instituted by-
A Continuing Guarantee applies to_______________
What is the time period for which LLP is required to preserve all the books of accounts, annual forms and other documents at its registered office?
Who is responsible for reviewing compliance with the regulations and verifying the effectiveness of internal control systems, as per Reg 5H of SEBI (Pr...
What does accomplice mean?
The Court shall take Judicial Notice of certain facts. Which of the following facts is not included?
Under the provisions of The Protection of Women from Domestic Violence Act, 2005, which of the following statement regarding protection order, is wrong?
