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10. On 19 December 2019 Star Limited bought goods from Morgan plc for 80,000 British Pounds. At the date of the transactions, the exchange rates

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10. On 19 December 2019 Star Limited bought goods from Morgan plc for 80,000 British Pounds. At the date of the transactions, the exchange rates were: 1 = PKR 186 On 31 December 2019, Star Limited's financial year end, the equivalent rates were: 1 = PKR 182 The average rate for the year ended 31 December 2019 was 1 = PKR 185 Star Limited paid this creditor on 3 February 2020 when the exchange rates were: 1 = PKR 188 Star Limited should recognize purchases on 19 December 2019 at: * (8 Points) 15,040,000 14,800,000 14,560,000 14,880,000

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