Ca final sfm
kanika Seth (Student) (269 Points)
11 March 2016
anyone solved practice manual of CA final Sfm? I have some doubts.. need help
9 Replies
Sathish M
(Management Accountant)
(40581 Points)
Replied 11 March 2016
You ask our query, so that students who have worked on it or who knows the answer will be able to clarify your doubt.
kanika Seth
(Student)
(269 Points)
Replied 11 March 2016
Exchange rate given African Rand 6 to rs1.
Inflation African 40% a year and India 10% a year. How they find exchange rate( as per IRP )?
Ans. 1st year 7.6364
2nd year 9.7190
3rd year 12.2696
Sheetal Jain
(.)
(894 Points)
Replied 11 March 2016
It is solved as follows:
Year 1 6*1.4/1.1=7.6364
Year 2 7.6364*1.4/1.1=9.7190
Year 3 9.7190*1.4/1.1=12.3696
Jacky
(Accountant & CA Final Student)
(320 Points)
Replied 16 March 2016
hmmm
as per Inflation rate parity formula
Exchange rate * inflation rate of foreign country / inflation rate of domestic country becoz exchange rate is foreign currency per domestic currency
Arun choudhary
(articalship)
(153 Points)
Replied 17 March 2016
hmmm i have solved Practice manual of CA final but never found any question of this type.
Jacky
(Accountant & CA Final Student)
(320 Points)
Replied 17 March 2016
this question is in nov'15 RTP Q.1
following is the link
https://resource.cdn.icai.org/38904bos28386cp2.pdf
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