Professional fees of Rs.30000/- is paid to a consultant ABC
& Co.
please pass the necessary entry for the same
Answer Posted / vipin tyagi
Professional Fees Dr. 30000
To ABC & co. 27000
To TDS on Professional(10%) 3000
(Being amount of professional consultancy charges payable
to M/s ABC & Co.)
ABC & co. Dr. 27000
To Bank A/c 27000
(Being amount of professional consultancy charges paid to
M/s ABC & co.)
Is This Answer Correct ? | 97 Yes | 8 No |
Post New Answer View All Answers
What is the due date for filing monthly & annual sales tax returns in karanataka
what do u mean by arrear basic or arrear hra?
Short Answer on _____________Revenue Budget
about tally erp9
For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax
Dear all, Could you suggest me that if got a job in a/cs in Big org but on payroll of Outsourcing company,What should to prefer the company payroll or job the ?
what is dividend? how do the use an accountancy?
What is payment/receipt/period accruals?
what is a meaning of track record in tally software when we maintain the inventory entry what is role of track record
SOUTH ATLANTIC OIL AND GAS INC.is a fraud company
what is cc limit and what role accountant play to maintain it?
What will be the consequences if the partnership is not registered
how we could adj. the entries of prop. & firm in merging time
WHAT IS DIFFERED INCOME TAX AND WHERE IT SHOWS IN BALANCE SHEET?
How to answer for the question, tell me about ur project? I mean in which format can i say?