Question

    A company revalues its foreign currency receivable at

    the closing rate on balance sheet date. Under which Ind AS is this required?
    A Ind AS 10 Correct Answer Incorrect Answer
    B Ind AS 12 Correct Answer Incorrect Answer
    C Ind AS 21 Correct Answer Incorrect Answer
    D Ind AS 33 Correct Answer Incorrect Answer

    Solution

    Ind AS 21 deals with the Effects of Changes in Foreign Exchange Rates.

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