[saaninaani]

hello @trephena i am doing topic 8 and the comparator company i have chosen is of different currency..which exchange rate sud i use to convert the currency?i used the exchange rates of 31st december 2013, 2012 and 2011 for the respective financial statements as the financial period ended in 31st december..or do i need to use an average rate??pls suggest thankyou..

[saaninaani]

So it means if u pay in advance only d installment is d current liab n if u pay in arrears d intrest part is deducted from d installment to get d current liab?hope i gt it ryt..thanx nwez..

[saaninaani]

https://www.bdointernational.com/Services/Audit/IFRS/IFRS%20at%20a%20Glance/Documents/IAAG.pdf

[saaninaani]

Isnt creating liabiliti enough???pls pls sum1 help….:|

[saaninaani]

Thanx….

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