FOREIGN EXCHANGEForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › FOREIGN EXCHANGEThis topic has 1 reply, 2 voices, and was last updated 2 years ago by P2-D2.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts July 10, 2021 at 11:55 am #627361 shaunak22ParticipantTopics: 220Replies: 41☆☆☆Why aren’t non monetary assets and liabilties retranslated at the clsoing rate unllike monetary assets?why are they held at the historical rate? July 14, 2021 at 8:17 pm #627750 P2-D2KeymasterTopics: 4Replies: 6898☆☆☆☆☆Hi,Monetary items will be settled for in cash and so should be translated to find their worth today. Non-monetary items like PPE will not be settled for in cash and so will not be translated and are left at the historic rate.ThanksAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In