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Conversion of currency...

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(Querist)
27 January 2012 My company had some Rupee got converted to Dollar.
Suppose the exchange rate of Dollar to Rupees is Rs 50.00.
I converted Rs 5000.00 to dollars with an Agency ABC LTD. (Cheque given in the name of Agency)..

What would be my J.E's .

It's urgent, Please revert
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CA Jayesh Shah

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CA Jayesh Shah (Expert)
27 January 2012 I think their would no entry for the same. Its just conversion of your money from Indian currency to Foreign Currency.

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