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Professional fees of Rs.30000/- is paid to a consultant ABC
& Co.
please pass the necessary entry for the same

Answer Posted / abhay gujarathi

Professional Fees A/C Dr 30,000
To ABC&Co 30,000
(Being Provision for Professional Fees)

ABC&Co A/C Dr 30,000
to BAnk A/C 30,000
(Being actual payment For Pro. Fees)

Is This Answer Correct ?    24 Yes 23 No



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