Question

2. On 10th January, 2020; ABC Ltd.
bought goods from USA dealer for $
1,00,000. The first instalment was of $
60,000 whic was paid on 2nd February,
2020 and remaining amount was paid on
2nd March, 2020. The exchange rate
was: 10th January 2020: $ 1 = Rs. 70,
2nd February, 2020: $ 1 = Rs.71 and
2nd March, 2020: $1 = 69. The amount
of net difference in exchange
transferred to Profit & Loss Account is​

Answer 1

profit ....................

Answer 2

Answer:

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