Head of Accounts

Effusion of time

Use

Obsolescence through technology by market changes

Remarket expectation

An average exchange rate should be used to convert

The exchange rate on the earliest date of purchases should be used

The rates on the dates of purchase should be used for each asset bought

A weighted average should be used for the exchnage rate

Entity

Object

Fund

Project

The property’s revalued amount was £890,000

The property’s revalued amount was £1,190,000

The property’s revalued amount was £380,000

The property’s revalued amount was £1,310,000

Stealing by customers

Wastage of goods

Thefts by employees

Changes in market conditions

3

6

9

11

Money orders, and other remittances

Inter-government adjustment account

Exchange accounts

All of these

Quality of asset purchased

Total cost of asset

Timing of payment for asset

Legal ownership of asset

Equal

Unequal

It will depend on a partner’s capital

It will depend on the experience of a partner

No attempt should be made to convert liquid resources as they will change quickly anyway

Using the exchange rate at the date they were incurred

Using an average rate for the exchange rate

Using the exchange rate at the date of the trail balance