What is the journal entry for paying 50000 rs. To xyz co.
For professional fees after deducting tds on that.
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Answer / ashwani sood
Proffesional Charges A/C Dr 50,000
TDS Payable A/c Cr 5,000
To Bank A/c Cr 45,000
| Is This Answer Correct ? | 26 Yes | 1 No |
Answer / reddy
Professional Fees Dr 50000/-
TDS cr xxxx
XYZ co cr xxxxxx
| Is This Answer Correct ? | 18 Yes | 3 No |
Answer / nagachandra pattar
Proff.Fees A/c Dr 50000
To XYZ CO A/c 50000
XYZ Co A/c Dr 5000
To TDS Payble A/c 5000
XYZ Co A/c Dr 45000
TDS Payble A/c Dr 5000
To Cash/Bank A/c 50000
(Being Cash paid to Party 45000 & TDS paid
to I Tax Dept 5000)
| Is This Answer Correct ? | 11 Yes | 6 No |
Answer / rajat singh sisodiya
1) Professional Fess A/c Dr 50000
To Tds on Professional Fees 194 j 5000
To XYZ Co. 45000
2) XYZ CO. Dr 45000
Tds On Professional Fees 194 5000j
To Bank/Cash 50000
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / sreeju336@gmail.com
Proffesional Charges A/C Dr 45,000
TDS Payable A/c Dr 5,000
To Bank A/c 50,000
| Is This Answer Correct ? | 7 Yes | 7 No |
Answer / soyab
professional Fees A/c Dr 50000
TO TDS Payable 50000
To XYZ Company 45000
XYX Company A/c Dr 45000
To Cash / Bank Ac 45000
TDS Payable XYZ Comapny DR 5000
To Cash / Bank A/c 5000
| Is This Answer Correct ? | 1 Yes | 1 No |
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