Question
Under Ind AS 21, non-monetary items are to be valued at
which of the following?Solution
Under Ind AS 21, non-monetary items are generally valued at the exchange rate on the transaction date. This reflects the historical cost of the items in the currency of the transaction, without adjustment for later exchange rate movements.
More Previous year papers Questions
What approximate value will replace the question mark (?) in the following?
? –...
60.22 of 449.98% + 459.99 ÷ 23.18 = ?
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
2 (1/4)% of 7999.78 + {49.77% of 899.71} + √144.14 - 20% of 1499.83 = ?
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
2 (1/4)% of 7999.58 + {49.06% of 898.87} + √143.14 – 19.99% of 1499.63 - (52 - 41) = ?
1299.99 ÷ 20.21 = ? + 325.985 - (180 ÷ 6 × 24.03)
(5.08/3.01) of 41.99 - 24.99% of 120.09 = ? - 9.99
1279.98 ÷ 40.48 × 10.12 = ? × 2.16
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
