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hello everyone in this video we are going to cover foreign currency transactions where a finance lease is entered into with a foreign supplier were going to cover the practical elements of ias 21 by going through an advanced cta question how to tackle a forex question so at times these questions can be daunting but theres no need to feel if you have a tried and tested established method of tackling this step number one read the question step number two plot key values on a timeline and step number three draft your responses with respect to ias 21. supply the journal entry is regarding the above mentioned transactions in the financial records of core capital limited for the year end of 28 february 2012. ignore any tax implications all effective interest rates must be rounded to four decimals round of all amounts to the nearest lens this question was sourced from a unisa attack letter so bear in mind that your journal entries need to be provided in tsar especially if you are a south af