Question

On 1st January, 2020; XYZ
Ltd. invoiced goods to its USA
client for $ 60,000 payment was
received on 20th March, 2020,
The exchange rate was: 1st
January 2020: $ 1 = Rs. 69, 20th
March, 2020: $ 1 = Rs.68. The
amount of difference in exchange
transferred to Profit & Loss
Account is​

Answer 1

Answer:

30/09/2020 vs 01/01/2020 CLOSE = +3.11%

30/09/2020 vs 01/01/2020 HIGH = +3.03%

30/09/2020 vs 01/01/2020 LOW = +3.21%