Disclosure of income & expenses in foreign currency in notes
This query is : Resolved
10 October 2011
1.If an employee has gone for a foreign business tour, the business related expenses incurred by him in his foreign tour is paid by him through his credit card. Later the same is reimbursed to him by the company in INR So will such Expense be disclosed by the company in its notes in Exp incurred in foreign currency ? Pls guide on the same.
sannagovindappa.G
(Expert)
13 October 2011
need not be disclose it should keep the records is enough
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