Overseas receivables

@ Bhagya

Receivable amount can't be converted to as investment in that entity as this is against the services rendered.

you can write off in your books if that will not be recoverable in future. otherwise you can reflect such outstanding in your books.

If that outstanding is in foreign currency , then you have convert that outstanding as per the rate of RBI on the closing of year end by Dr/Cr in the "Difference in Exchange" under Indirect Items in your books.

Thanks & Regards

Piyush Tanwar

CA Finalist and Internal Auditor

Mobile - 9717468521