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accounting entry for foreign currency purchase

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(Querist)
14 November 2008 my boss is going to abroad for official visit, for that we bought foreign currency form authorised dealer , let me know the accounting entrie for the above transaction.
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
14 November 2008 Tours & travelling (Foreign) Dr

Travel/ Financer Cr
Being amt od USD 000 purchase for foreign **** travelling)
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
14 November 2008 Travel advance (in INR)Dr.
To Bank
(At the time of purchase and handing over the currency for travel, by actual payment of INR)



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Ravikumar.G

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Ravikumar.G (Expert)
17 November 2008 It should be treated as an advance (i,e Travel advance) should be debited in the books.

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