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

Answer Posted / umesh tayal

Professional fees A/c Dr. 30000/-
To ABC & Co.A/c 26601/-
To TDS on Professional 3399/-

(Being Expencess book for Professionl Services TDs
30000@11.33%)

ABC & Co. A/c. Dr. 26601/-
To Cash/Bank A/c. 26601/-

( Being Bank/Cash Paid to ABC & Co.)

Is This Answer Correct ?    18 Yes 15 No



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