Question: Explain monetary item as per Accounting Standard 11.How are foreign currency monetary items to be recognised at each Balance Sheet date? Classify the following as

Explain "monetary item as per Accounting Standard 11.How are foreign currency

Explain "monetary item as per Accounting Standard 11.How are foreign currency monetary items to be recognised at each Balance Sheet date? Classify the following as monetary or non- monetary item: (0) Share Capital (ii) Trade Receivables (iii) Investments (iv) Fixed Assets

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