i am doing job as an accountant in Air travel agency in india. i want help for accounting entry for transaction detail as billow
We have purchased singapre tour package (hotel booking & transfer + sightseeing) from travel agency from singapore. now travel agent in singapre have issued invoice to us in SGD Currency.
To pay to travel agent in singapore we make payment to a Foreign exchange service provider in india. and foreign exchange service proviider has transfered SGD in to the bank account of travel agent in Singapore.
please advise me accounting entry.
Thanking You
CAclubindia
