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Subject: Financial Accounting QUESTION 4 4.1) How is the functional currency calculated. (20 Marks) 4.2) FG Ltd has a functional currency of Rands. It has

Subject: Financial Accounting
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QUESTION 4 4.1) How is the functional currency calculated. (20 Marks) 4.2) FG Ltd has a functional currency of Rands. It has decided to present the financial statements in the (5 marks) currency of the Botswana Pula In 2022, the exchange rate is as follows: 1 Rand =2.5 Pula AVERAGE RATE 1 Rand =2.8 Pulas SPOT RATE (31 December 2022 (15 marks) Translate the amount in the presentation currency in a trial balance format

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