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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 / sridharan.v
i)Professional fees A/c Dr. 30,000
To ABC & Co. 26,910
To TDS on Professional 3,090
(Being provision for professional fee [due])
ii)ABC & Co. Dr. 26,910
To Bank A/c 26,910
(Being professional charges paid to ABc$co)
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