Answer Posted / hiren vakta

1. Journal Entry

Professional Fees Dr.30000.00
To ABC & Co 27000.00
To TDS on P&T Fees 2700.00
(being jv toward professional fees toward ABC & Co as
per bill no.010 dtd.01/04/2010 attached herewith for FY
2010-11)

2. Bank Payment

ABC & Co Dr.27000.00
To Bank A/c 27000.00

3. Bank Payment

TDS on P&T Fees Dr.3000.00
To Bank A/c 3000.00

Note: Cess & SHEC is been removed on TDS for all w.e.f
01.07.2009.

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