Foreign trip imprest
This query is : Resolved
27 December 2011
Sir,
I want to purchase US$ 500 in cash for authorised Foreign Exchange dealer for my company sales persons & directors foreing trip and I have no account with the foreign exchange dealer, so they are not trust on me or my company, how I adjust excess amount in my accounts books. If I am not able to spend more than 20,000.
I want to purchase US$ 500 in cash for authorised Foreign Exchange dealer for my company sales persons & directors foreing trip and I have no account with the foreign exchange dealer, so they are not trust on me or my company, how I adjust excess amount in my accounts books. If I am not able to spend more than 20,000.
29 December 2011
US dollar is another currency and can be treated as cash in hand until expended. By simply purchasing USD, no expenditure is booked.
If whole amount could not be expended during foreign trip, the same can be converted into INR through forex dealer.
If whole amount could not be expended during foreign trip, the same can be converted into INR through forex dealer.
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