Reimbursement of exps. to emp.
This query is : Resolved
Pankaj Shah
(Querist)
16 February 2015
When employee going to abroad on behalf of company and he purchase dollar Care of Company for exps. purpose.
1. what is treatment in company accounts.
2. What supporting is required for company to book an expenses.
1. what is treatment in company accounts.
2. What supporting is required for company to book an expenses.
CA R SEETHARAMAN
(Expert)
16 February 2015
1. All expenses has to be booked under foreign travel expenses in Rs if it is relating to travel, boarding and lodging.
2. All bills are required except for daily allowance.
2. All bills are required except for daily allowance.
Message likes :
1 times
Pankaj Shah
(Querist)
16 February 2015
Right But if any entry done for dollar purchase by emp.
CA R SEETHARAMAN
(Expert)
16 February 2015
For dollar purchase by employee, account the rupee equivalent in advance account and adjust it against expenses when employee submits bills.
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
- GST Audit whether Govt Companies are exempt?
- EPF ECR NEW FILE SEP 17TH 2026
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- TAX AUDIT ON PROFESSIONAL INCOME
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Oct 2025 Invoices
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- EPF ECR NEW RULES Sep 17th 2026
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Unable to File TDS Q2 Return – New TRACES Portal Error
- 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
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
