Page 67 - P6 Slide Taxation - Lecture Day 4

EXCHANGE ITEM DESCRIPTION

Unit of currency A unit in foreign currency, e.g. dollar

notes and travellers' cheques.

Debt Includes:

(receivable by or - creditors/debtors where debt is

payable to) invoiced in foreign currency

- loans received/granted in a

foreign currency

- any cash amounts held in foreign

currency e.g. deposit in foreign

currency.