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.
Who is the Author of the book ‘The Maverick Effect’?
In violation of the Salt Laws, which movement did Gandhiji start?
What is the primary objective of the HaRBInger 2024 hackathon hosted by APIX and RBI?
Which island within Lakshadweep has the Indian Navy recently established as its new base?
The scientists of which country have launched a sniffing robot to detect disease and improve security checks?
Browning disease occurs due to deficiency of Boron in which of the following vegetable?
From the 27th June - 1st July 2022 where did the UN Ocean Conference be held?
What was the primary reason for the ₹115.86 crore penalty imposed on IndiGo by GST authorities?
Which article of the Indian Constitution deals with the amendment process?
The property of catenation is predominant in_______.
