srinivas reddy


{ City } hyderabad
< Country > india
* Profession * accounting
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Question { 96760 }

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


Answer

PROFFESSINAL Fee DR. 30000
TO ABC&CO. 26910
TO TDS a/c(10+3)% 3090
(provision created for profesional fee and TDS deducted)

ABC & co. Dr 26,910
To Bank 26,910
(Professional fee paid to ABC & Co.)

Is This Answer Correct ?    10 Yes 8 No