foreign transaction

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July 26, 2019 at 8:26 am #524936
pawanm
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sir, what is the treatment for intragroup balances of payables and receivables in foreign subsidiary ,on consolidation
July 27, 2019 at 10:52 pm #525092
P2-D2
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You need to translate any overseas balances first in the subsidiary and then eliminate any intra-group balances.

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