Power Track Ltd purchased a plant for US$ 50,000 on 31 st October, 2016 payable after 6 months The company entered into a forward contract for 6 months Rs 64 25 per Dollar On 31st october, 2016, the exchange rate was Rs 61 50 per Dollar You are required to calculate the amount of the profit or los...

Rs Forward contract rate 6425 Less Spot rate 6150 Loss on forward cont ...

Power Track Ltd. purchased a plant for US$ 50,000 on 31 st October, 2016 payable after...

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Power Track Ltd. purchased a plant for US$ 50,000 on 31 st October, 2016 payable after 6months. The company entered into a f

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Power Track Ltd. purchased a plant for US$ 50,000 on 31 st October, 2016 payable after...

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