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AS 11 – Foreign Exchange AS 11 ensures accurate accounting of foreign currency transactions and the translation of FS of foreign operations. It emphasizes Recording transactions at the initial recognition Recording transactions at the initial recognition Reporting monetary items at closing rate Reporting non-monetary items at historical cost Recognizing exchange differences in the Profit & Loss account, ensuring true financial representation. This standard promotes transparency, consistency, and accuracy in financial reporting involving foreign currencies. Preparing for CA? You're in the right place! 🚀 Welcome to 1FIN by IndigoLearn – your ultimate destination for CA Foundation, CA Intermediate, CA Final, CFA, CMA (India), and ACCA courses. Join our family of 13,000+ students and experience a transformative learning journey. Our comprehensive video classes offer unlimited views, 1,000+ MCQs, free notes, and personalized mentorship to support your mental well-being. Transform Your CA Journey with 1FIN by IndigoLearn | CA Foundation, Inter, Final | Classes & Free Resources Ready to begin? Enroll with 1FIN today! : https://1fin.link/courses Got doubts? No worries! Ask away in our forums available on our app or website: 👉 1FIN Forums: https://www.indigolearn.com/forums Journey from BTech to CA – Inspirational Success Story: 📺 Watch Now: BTech to CA Journey: https://www.youtube.com/live/1RiP8Y91... Join our CA Intermediate Community & Access Free Resources: Telegram Channel: https://t.me/IndigoLearn1 Free Classes: Enroll for Free: https://www.1fin.link/free_courses Get Free Resources: https://www.1fin.link/free_resources Stay updated with the latest tips, tricks, and resources through our Social Media Channels: Follow Us on Social Media: LinkedIn: / indigolearn Instagram @IndigoLearn: / indigolearn Twitter @IndigoLearn: / indigolearn Facebook: IndigoLearn: / indigolearn Explore Our Other YouTube Channels & Subscribe Now: CA Final: https://www.1fin.in/FinalYT ACCA: https://www.1fin.in/ACCAYT CFA: https://www.1fin.in/CFAYT CA CS CMA Hindi: https://www.1fin.in/Hindi Ready to begin? Enroll with 1FIN today! : https://1fin.link/courses Happy Learning! Team 1FIN #CAFoundation #CAInter #CAFinal #IndigoLearn #1FIN #CharteredAccountancy #FreeCAClasses #CAResources #CAonlineclasses