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1 . How is the functional currency calculated. 2 ) FG Ltd has a functional currency of Rands. It has decided to present the financial
How is the functional currency calculated. FG Ltd has a functional currency of Rands. It has decided to present the financial statements in the
currency of the Botswana Pula
In the exchange rate is as follows:
Rand Pula AVERAGE RATE
Rand Pulas SPOT RATE December
Account payable R
Accounts receivable R
Bank R
PPE R
Investment fair value R
General Reserve R
Ordinary Share Capital R
Long term Loan R
Sales R
Cost of sales R
Operating expenses R
Tax R
Translate the amount in the presentation currency in a trial balance format?
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