Buy Foreign Currency EURO and sale
This query is : Resolved
05 July 2023
In India Buy 2000 EURO For Rs. and expenses incurred for Tour and travelling 1730 and 270 return to money exchanger my question is that how to make Journal entry of both payment and sale and whether whether foreign exchange Flu cation required in the case of individual not going for official Visit.
20 August 2023
1. Cash in Hand (INR) - DR - XXXX
Cash in Hand 9EURO) - CR - 2000
2. Tour and Travel Exp - Dr. - 1730
Cash in Hand (INR) - Cr 1730
3. Cash in Hand (INR) -Dr - 270
Cash in Hand (EURO) - Cr - XXXX
Foreign Exchange Loss - DR
Foreign Exchange Loss - CR
Cash in Hand 9EURO) - CR - 2000
2. Tour and Travel Exp - Dr. - 1730
Cash in Hand (INR) - Cr 1730
3. Cash in Hand (INR) -Dr - 270
Cash in Hand (EURO) - Cr - XXXX
Foreign Exchange Loss - DR
Foreign Exchange Loss - CR
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Under marginal scheme
- TAX AUDIT ON PROFESSIONAL INCOME
- Import of Software Service.
- Capitalgain tax purposes for valuation report compulsory
- GST on Renting godown to KFCSC for Storage of Raagi
- Oct 2025 Invoices
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
