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Can you explain the term blocked funds?

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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/05/14
Shamseer KM
by Shamseer KM , Accounts and Admin Payroll , KBM Group

Agreed ..................................!

 

Deleted user
by Deleted user

Refers where the funds have been generated but cannot be taken by the firm because of government restrictions, or waiting for the fulfillment of the requirements to receive them.

Farrukh Abbas Wahla
by Farrukh Abbas Wahla , Accounting Supervisor , Tristar Group

Cash flows generated by a foreign project that cannot be immediately repatriated to the parent firm because of capital flow restrictions imposed by the host government.

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