MCQOPTIONS
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MCQOPTIONS
| 1. |
For the purpose of translations, current rate refers to |
| A. | The rate current at the time of transaction. |
| B. | The rate prevailing on the date of the balance sheet. |
| C. | The rate prevailing on the date of preparation of the balance sheet. |
| D. | The spot rate |
| Answer» C. The rate prevailing on the date of preparation of the balance sheet. | |