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Q no 2. Kashmir company imports equipment from United States on March 1 for $200. The functional currency is PKR. Payment in Us Dollars does not have to be made until April 30. The firm's reporting date is 31st March each year. Assume exchange rates as follows 1st March $1=Rs.106 31st March $1=Rs. 112 30th April $1=Rs.110 Required: Journalize these transactions under the guidelines provided in IAS 21 (The Effects of Changes in Foreign Exchange Rates) Answer this with detail calculations