Question: please answer fast 99 988 On 31t March, 2012, the following ledger balances have been extracted from the books of Washington branch office of A

 please answer fast 99 988 On 31t March, 2012, the following

please answer fast

99 988 On 31t March, 2012, the following ledger balances have been extracted from the books of Washington branch office of A Ltd whose Head Office is in Mumbai Ledger Accounts Building Stock as on 1.4.2011 180 26 Cash and Bank Balances 57 Purchases 96 Sales 110 Commission receipts Debtors 46 Creditors 65 You are required to convert above Ledger balances into Indian Rupees Use the following rates of exchange: per S 46 Opening rate Closing rate Average rate 50 48 42 For fixed assets

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!