Professional fees of Rs.30000/- is paid to a consultant ABC
& Co.
please pass the necessary entry for the same
Answer Posted / 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 |
Post New Answer View All Answers
what is meant by qurum
Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
while i creating a main asset master there is a error called process being terminated? pls send the solution
what is the meaning of input vat & out put vat?
What is meant by Nostro Reconciliation
What is the difference between payable and accrual
What is a bad credit score?
Can v transfer trail balance to journal entry how and with example?
Which document should be attached with purchse & sales invoice?
Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?
Expand---------OTMD
What are the steps involved in converting the trail balance of a foreign branch? Explain the steps involved in incorporating the foreign branch trail balance in HO books
is it possible that on dealer of work contract can opt composition and non-composition both scheme in dvat?
What is Financial planning?
Expand------ARN