Question

A long-term loan was obtained from Z Ltd 20,00,000 which was recorded at $ 1 = 36.20,

the rate on the date of the transaction. The exchange rate on the Balance Sheet date was $

1 = 37.40 . The loss due to exchange difference is _____.​

Answer 1

Answer:

about 1000 rs hope it is helpful for you

Answer 2

Answer:

Concept:

One of a company's financial accounts, an income statement or profit, and loss account, lists the company's revenues and costs for a specific time period. It describes the process through which revenues are converted into net income or net profit.

Explanation:

Given:

A long-term loan was obtained from Z Ltd 20,00,000 which was recorded at $ 1 = 36.20

the rate on the date of the transaction. The exchange rate on the Balance Sheet date was $ 1 = 37.40

Find:

The loss due to exchange difference

Solution:

Long time depth obtained is

      =20,00,000

Exchange rate on long term depth obtained

      = $36.20

Amount obtained

      = 20,00,000 / 36.20

      = $55,248.6188

Exchange rate on balance sheet date

      = $37.40

Amount of debt on balance sheet date

      = 20,00,000 / 37.40

      = $53,475.9358

Loss due to exchange difference  

      = $55,248.6188- $53,475.9358

      = $1772.683

That is  1772683 * 37.4

      = 66,298.34

Loss due to exchange difference

      = 66,298.34

The loss due to exchange difference is  66,298.34

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