Professional fees of Rs.30000/- is paid to a consultant ABC
& Co.
please pass the necessary entry for the same
Answer Posted / sri
1) By professional fees 30,000/-
To abc & co. 30000/-
2) by Abc & co. 30000/-
to tds on proff. fees 3090/-
to bank / cash a/c. 26910/-
(so the payment made to abc & co. is rs. 26910/- only)
3) by tds on proff. fees 3090/-
to bank / cash a/c. 3090/-
(this amount is paid to govt. thru' nationalised bank
with reference to abc&co.'s PAN Card no.)
I think this the correct entry for the above transaction.
if anyone found it is false. then tell me the correct ans.
Jsri.
Is This Answer Correct ? | 13 Yes | 11 No |
Post New Answer View All Answers
about tally erp9
EXPAND______________IARCS
What is the defination of job costing, batch costing and contract costing?
EXPAND___________NBW
How many types we are received funds in business purpose
Transfer nett profit of Rs 325000/- to Reserves and Surplus
what are the models of valuation of the company
i engaged with the accounts of manufacturing concern, i have a question when we purchased a fixed assets and after this we put the fuel in this for trial then this fuel is our also capital exp
what is the organisation chart for accounting and finance ?
What is the Branch Accountant Responsbilities ?
Hello... i am looking jobs in investment banking, derivates and BRS and i apply nakuri,Timesjobs and monster. But i did not get the job. so if websites and ID. Please help me.. Thanking u...
How you implemented a chargeback system?
how to solved the shares qusionas ?
What is the quality of the accountant & rights ? hansika.kk@gmail.com
WHAT IS MEANT BY FACTORING, TRESURY BILLS,BULLS, BEARS