Business, 12.04.2021 16:30 helper55

a company whose parent operations ate baded in kenya hg as establish a branch in Tanzania wjose financial year ends the same year as the calendar year. the expenses paid at the branch during the year amounted to Tsh 18,000,000. the following information is also available at the branch. (1) accrued expenses amounted to Tsh 15,000,000 (2) prepaid expenses amounted to Tsh 18,000,000. (3) non- current assets of Tsh 120,000,000 . The exchange rate available in are l: historic rate( 1Ksh,= Tsh15), closing rate( 1Ksh=Tsh10), average rate ( 1Ksh=Tsh12), actual rate(1Ksh=Tsh11.82) ..Compute the amount of expenses in the currency of the head office ( use presentation method)

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