For the purpose of translations, current rate refers to
A) The rate current at the time of transaction.
B) The rate prevailing on the date of the balance sheet.
C) The rate prevailing on the date of preparation of the balance sheet.
D) The spot rate
Correct Answer:
Verified
Q11: The following method does not result in
Q12: Leading refers to
A)Advancing of receivables.
B)Advancing of payables.
C)Advancing
Q13: Translation exposure arises in respect of items
Q14: Translation loss is
A)A loss to the parent
Q15: The translation exposure is positive when
A)Exposed assets
Q17: Exposed assets are those translated at
A)Historical rate.
B)Average
Q18: This is not established method of translation
A)Current
Q19: A positive exposure will lead to when
Q20: Translation loss may occur when
A)Exposed assets exceed
Q21: The following method cannot be used for
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