Oag.treasury.gov.za
The department’s functional currency is South African Rands. In 20x1 the department has an opening cash and cash equivalent balance of R10 000 ($1 000) which wasd based on a spot rate of $1 = R10 in the Cash Flow Statement. Closing bank balance in the POS in 20x1 is R2600 ($200) and is based on a spot rate of $1 = R13. Cash $ Exchange rate . R ................
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