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In the example 4 of Chap 23, Y is to receive $150,000
Why should we sell dollars
plus in doing such questions we should think in whose perspective person who is
receiving or the person who is paying?In the above case the person who is owed to Y will pay in dollars or pounds ???
plus u asked us to remember the spot rate in company perspective, is it the person receiving or payingthis chapter is just confusing me alot
I do say in the lecture to assume that for all the examples in this chapter you should assume that the company is in the UK (except where it says otherwise).
(In the real exam, you will obviously be told which country the company is in)
In example 4, Y is in the UK (and so works in GB Pounds) and is receiving $’s. So when they receive the $’s they will need to sell them to the bank in order to receive GB Pounds in exchange.
(The person owing must be paying Y in $’s, because the question says that Y will receive $’s)
oki got it thanks, its basically the first line in the question Y receives or Z pays
theres the hintI just have a doubt, I have entered and paid for 3 subjects this dec, Can I amend the entry and do 2 this dec and 1 in march?
@6shahir said:
I just have a doubt, I have entered and paid for 3 subjects this dec, Can I amend the entry and do 2 this dec and 1 in march?Don’t think that is a question for John to answer – and specifically not on this part of the forum..
However yes, you can amend until the last entry date of ‘low fee’ which I believe is the 26th.
go onto your MyACCA and look for the Exam Entry, you should be able to amend – if not check with ACCA.
Also as you’re studying F9, you should know that you should not pay your ‘supplier’ until the last day they allow you to (26th Oct) :p Manage your Payables better next time :p
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