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1NAWAI SECONDARY SCHOOL EST. 1975REG. NO. 9381 Learning Lightens Life O Box 118, Nazi, Fiji. Phone : 9338650/7468736 Email : nawaisecsch@gmail.com Website: nawaisecondary.ornate: ___YEAR 11Subject StrandAGRICULTURAL
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AS 11 refers to the Accounting Standard 11, which is related to the effects of changes in foreign exchange rates.
Companies that deal with foreign exchange transactions are required to comply with AS 11.
AS 11 requires companies to record foreign exchange transactions in their financial statements following specific guidelines.
The purpose of AS 11 is to ensure that foreign exchange transactions are accurately reflected in a company's financial statements.
AS 11 requires reporting of foreign currency transactions, exchange differences, and the treatment of foreign currency monetary items.
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