Economics · Economy
The MCA's new accounting standard amendment for foreign currency transactions applies to Indian Accounting Standards (Ind AS) 21. What does this amendment primarily address?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Reporting of capital expenditure in foreign currencies
- 2Treatment of income from foreign exchange operations
- 3Estimation of spot exchange rates when there is a lack of exchangeability✓
- 4Calculation of earnings per share (EPS)
Correct answer
Estimation of spot exchange rates when there is a lack of exchangeability
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