Professional fees of Rs.30000/- is paid to a consultant ABC
& Co.
please pass the necessary entry for the same
Answer Posted / 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 |
Post New Answer View All Answers
What is Home Loan Modification?
What is the difference between income statement & Profit&loss A/c?
What is Going Concern, What is Dual Entry , What is Business entity and what are the names of Stock exchanges and currency of some countries, stock market related questions, Exchange rates, Banks and other informations
how many schedules are there in accounting?
i want know how to calculate it in payroll please mail me the percentages using there ?
I have scooter , and its insurance expired for the past 1 yrs and i need to renew it ? how to , explain?
what is ZBA hold & balance hold in banking?
in which group under we will open donation and hamali weekly payment account or ledger
what is article of association? what is memorandum of association?
why should i hire you? what are your outside interest? what was your toughest decision you ever have to make?
what are Equity shares,Preference shares,Bonus shares,Bond,Debentures,Dividend?
How shall I calculate the true profit of my business, as I am a layman for accounting.
How you implemented a chargeback system?
is there any chance for confilcts between an accountant and a sales executive ? If yes how do you resolve the same as an accountant ?
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?