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Utkarsh Ltd declares the following information:Exchange Rate (USD/IND ?)Purchased goods on 12.03.2018 of USD 1,00,000 68.6Exchange rate as on 31.03.2018 69Date of actual payment is 12.04.2018 69.5What will be the gain/loss to be booked in the financial year 2018-19?

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The syllabus (with weightage):
A. GAAP and Accounting Standards 20%
B. Accounting of Business Combinations & Restructuring 20%
C. Consolidated Financial Statements 20%
D. Developments in Financial Reporting 25%
E. Government Accounting in India 15%


Utkarsh Ltd declares the following information:<br>Exchange Rate (USD/IND ?)Purchased goods on 12.03.2018 of USD 1,00,000 68.6<br>Exchange rate as on 31.03.2018 69<br>Date of actual payment is 12.04.2018 69.5<br>What will be the gain/loss to be booked in the financial year 2018-19?






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