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 / srinivas reddy
PROFFESSINAL Fee DR. 30000
TO ABC&CO. 26910
TO TDS a/c(10+3)% 3090
(provision created for profesional fee and TDS deducted)
ABC & co. Dr 26,910
To Bank 26,910
(Professional fee paid to ABC & Co.)
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