Professional fees of Rs.30000/- is paid to a consultant ABC
& Co.
please pass the necessary entry for the same
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Answer Posted / nivedita paunikar
Professional Fees A/c. Dr. 30000=00
To TDS on Professional Fees ( 10.30 % ) 3090=00
To Cash / Bank 26910=00
( Being Professional Fees Paid to ABC Co. and TDS deducted
@ 10.30 % )
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