26 November 2016
Dear All, My client has purchased a foreign currency from Indian rupees. My query is
where we will be accounted this transaction and under which head?
Thanks in advance.
27 November 2016
Equivalent amount in INR shall be booked under travelling.
Unutilised Foreign currency needs to be surrendered to Authorised Dealer.
Purchase of foreign currency shall be accounted as tour advance.
CAclubindia
