Question

The exchange difference
arising due to import of
raw material is transferred
to.......​

Answer 1

The exchange difference

arising due to import of

raw material is transferred

to.......

Answer 2

Answer:

Profit and Loss Account

Explanation:

The exchange difference arising due to the import of raw material is transferred to Profit and Loss Account.

It is a form of financial statement showing the results of business activity over some time (i.e. Profit or loss). Reported income and expenses are linked directly to an organization's profitability and are used to assess performance.