=+The accountant at MANCO Limited, who has never before had to deal with transactions involving foreign currencies,

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=+The accountant at MANCO Limited, who has never before had to deal with transactions involving foreign currencies, kept the above notes but has made no entries whatsoever in the books in respect of these transactions. The relevant exchange rates at 31 March 20X9 were as follows:

US$1.80 = €1.00 DM3.20 = €1.00 BFr69.50 = €1.00 Requirement

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