Question

Under Ind AS 21, non-monetary items are to be valued at which of the following?

Q: Answer-Under Ind AS 21, non-monetary items are to be valued at which of the following?

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.

A Exchange difference

B Spot rate

C Transaction date

D Closing rate

E Fair value

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Under Ind AS 21, non-monetary items are to be valued at which of the following?

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