Answer / spv@bsl

While raising the bill you have to Dr to ABC Co. and Cr. to
your receipt account

while receiving the fee against above bill Receipt account
(income) a/c Dr and Credit to ABC co.

Income a/c Dr
To ABC Co Cr

Answer / yogendra.c

In Your Books (Receiver)
------------------------
1.Provision Entry:
ABC Company A/d Dr. - 75,000
To, Retainership Fees A/c - 75,000

2.Receipt Entry:
Bank A/c Dr. - 67,500
TDS A/c Dr. - 7,500
To, ABC Company Account. - 75,000

3. Books Closing Entry:
Retainership Account Dr. 75,000
To, Profit & Loss A/c 75,000




In the Books of ABC Company Limited
-----------------------------------
1.Provision Entry:
Retainership Fees A/C Dr. - 75,000
To, TDS Payable A/c - 7,500
To, Retainership Fees Payable A/c - 67,500

2. Payment Entry:
Retainersihp Payable A/c Dr. 67,500
TDS Payable A/c Dr. 7,500
To, Bank Account - 75,000

3. Closing Books Entry:
Profit & Loss Account Dr. 75,000
to Retainership Account. 75,000

Answer / pavani

cash a/c..... Dr
To retainer ship fee a/c
( beins retainer ship fee from abc company)

what is the meaning of Bills Receivable?

2 Answers   Genpact,

---

What are the important things to be remembered while preparing a bank reconciliation statement?

0 Answers  

---

what is the sensex

1 Answers  

---

We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.

0 Answers  

---

what is the golden principles of accountin

2 Answers  

---

---

difference between banker's cheque and cheque

1 Answers  

---

A=27, B=63 What is d % Difference between 2?

1 Answers  

---

what is the difference between cash flow statement and fund flow statement..

4 Answers   Deloitte,

---

What is meant by partitioning?

0 Answers  

---

i wanted to know that how much percent TDS deducted any kind of works, like civil work and Electricals works, machinery, ducting work, security service,

5 Answers  

---

Please tell me jurnal entries for input vat and output vat?

1 Answers  

---

What is column cash book?

6 Answers  

---