I have doubt regarding ques 2(b) mtp series 1 for may 2023 exam… (V)the answer – new contract rate is taken by icai is of April month but question says that customer requested for extension of contract with due date on 1st may.. So we have to take rate prevailing on may month.. Isn’t it? Why icai has taken April month I can’t understand this part.. All other parts are correct.. There is similar question in icai new study mat illustration 9 in forex chapter..just some amount diff but in that ques they have taken right date… Also why these 15 days system comes back when they have given illustration of 3 days as followed by them in updated module?
Poonam kanwarBeginner
Icai Mtp series 1 ques
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The rate is of 30th April. That maybe a reason of taking April rate.