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.
Which of the following statement is/are correct regarding the “Ayushman Bharat scheme”?
I. Ayushman Bharat Yojana or...
Consider the following figure :
Which country was the first to sign a Social Security Agreement (SSA) with India in 2006?
What is the first step in the accounting cycle?
To which theory of conservation is related the first law of thermodynamics ?
The apparent position of a star keeps on changing slightly because:
What is the designated theme for the World Health Day in 2023?
Income of A is twice the income of B. B and A spend 60% and 70% respectively of their incomes. Find the savings of A, if B saves Rs. 15000 in a month.
Which one of the following statements regarding the levying, collecting and distribution of Land Revenue is correct?
Which of the following is responsible for facilitating dialogue between employers and employees at the workplace under the Industrial Disputes Act, 1947?
