CA Final doubt
Answer would be in $ or €?

Asked by Biswajit5 Jul 2024478 views
CA Final doubt

Asked by Biswajit5 Jul 2024478 views
Vedant · 15 Jul 2024
Always read the question and try to understand the home currency. For example in this case, since we are talking of an American importer who has a payable, we have to see how many US dollars he would have to spend to get 15L euros. Hence in this case the answer will be in US Dollars.
Free app · 5 lakh+ learners
Read full notes, ask doubts, follow toppers and track your study hours — free on Android and iPhone.