Select the correct answer
Exchange difference’ for the purpose of IAS 21 is:
a.
The difference resulting from translating one currency into the same currency at different exchange rates.
b.
The difference from translating one currency into another currency at the same exchange rates.
c.
The exchange rate for immediate delivery.
d.
None of the above is correct
1 answer
a. The difference resulting from translating one currency into the same currency at different exchange rates.