Professional fees of Rs.30000/- is paid to a consultant ABC
& Co.
please pass the necessary entry for the same
Answers were Sorted based on User's Feedback
Answer / nivedita paunikar
Dr TDS on Professional Fees ( 10.30 % ) 3090=00
Cr Cash / Bank 3090=00
( Being TDS on Professional Fees of ABC CO paid )
| Is This Answer Correct ? | 1 Yes | 5 No |
Answer / iftequar
Consultant ABC Company a/c Dr
to cash a/c
Narretion (being cash paid to consultant abc compaby)
| Is This Answer Correct ? | 0 Yes | 4 No |
Answer / ram niwas sarswat
PROFESSIONAL FEES A/C 30000 DR
ABC & CO. 30000 CR-
-------------------------------------------------
ABC & CO. 30000 DR
BANK 30000 CR
--------------------------------------------------
ABC & CO. 3090
TDS ON PROFE.FEES 3090 CR
| Is This Answer Correct ? | 4 Yes | 9 No |
Answer / anil gautam
professional chg a/c dr to 30,000
bank a/c 30000
(ch. no.... professional fees paid )
this is from bank becuase no cash uper 20000 so this from
bank
| Is This Answer Correct ? | 2 Yes | 7 No |
Answer / kuldeep srivastava
PROFFESSINAL FEES A/C DR. 30000
TO CASH/BANK A/C 30000
| Is This Answer Correct ? | 6 Yes | 12 No |
Answer / satyendra
PROFESSIONAL FEES 30000
TO ABC & CO. 30000
ABC & CO. 3090
TO TDS ON PROFESSIONAL FEES 3090
ABC & CO. 26910
TO CASH/BANK 26910
TDS ON PROFESSIONAL FEES 26910
TO BANK/CASH 26910
| Is This Answer Correct ? | 7 Yes | 15 No |
Answer / kuldeep
PROFESSINAL TAX DR.26910
TO CASH/BANK A/C 26910
TDS ON PROFESSINAL TAX A/C DR. 3090
TO CASH/BANK A/C 3090
| Is This Answer Correct ? | 2 Yes | 12 No |
Answer / kuldeep srivastava
PROFFESSINAL TAX DR. 30000
TO ABC&CO. 26910
TO CASH/BANK A/C 3090
| Is This Answer Correct ? | 3 Yes | 14 No |
Answer / kuldeep srivastava
ABC&CO.LTD DR. 26910
TDS ON PROFESSIONAL TAX DR. 3090
TO CASH/BANK A/C 30000
| Is This Answer Correct ? | 2 Yes | 14 No |
Answer / satyendra yadav
PROFESSINAL FEES DR.26910
TO CASH/BANK A/C 26910
TDS ON PROFESSINAL FEES A/C DR. 3090
TO CASH/BANK A/C 3090
| Is This Answer Correct ? | 1 Yes | 14 No |
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