Treasury

The department purchased equipment for 100 US dollars on 3 February 20x1; payment was made on the 28th of February 20x1. The department’s functional currency is South African Rands. The spot exchange rate on 3 February 20x1 was R10 for 1 US dollar and on payment date the spot exchange rate was R10.50 for 1 US dollar. Extract from Cash flow ... ................
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