27 September 2013
In one of client, expenses on foreign travel are incurred, of which individual bills are exceeding INR 20000/-.
The client has debited the forex received from dealer to cash A/c and then credited the same to Cash A/c as Employee Advance to Cash A/c.
The payment for purchase of FC is made by cheque. Query is wether, since I have shown advance in credit of Cash A/c, wether subsequent expenses against such advance be disalowed on the ground that they are paid in cash
CAclubindia
