Question

The amount of exchange difference is
recorded in

General Reserve Account (सामान्य राखीव
खाते)
OCapital Reserve Account (भांडवल राखीव
खाते)
O Profit and Loss Account (नफा आणि तोटा
खाते)
O Foreign Exchange Fluctuation Account
(परकीय चलन चढउतार खाते)​

Answer 1

Answer:

The exchange differences which arise on monetary items are reported in the income statement in the period. Monetary items are units of currency held and assets and liabilities to be received or paid in a fixed or determinable number of units of currency.