Interested to Buy Any Domain ? << Click Here >> for more details...
Professional fees of Rs.30000/- is paid to a consultant ABC
& Co.
please pass the necessary entry for the same
- 43 Answers
- 104795 Views
- I also Faced
- E-Mail Answers
Answer Posted / kailash
Professional Expenses A/c Dr.30000/-
To ABC & Co. Cr.26910/-
To TDS Deducted on Profession Fees Cr.3090/-
(Being bill received from ABC Co. For Professional Charges &
TDS Deducted @10.30% i.e 3091/-)
Payment Enrtry
ABC & Co Dr.26910/-
to Bank & Cash A/c Cr.26910/-
(Being cash & chq. paid to ABC & Co.)
| Is This Answer Correct ? | 16 Yes | 9 No |
Post New Answer View All Answers
Define the word Profit in terms of business
who introduces the single entry format?
How you implemented a chargeback system?
What is the difference between horizontal balence sheet & vertical balence sheet explain in detail.
Is interest of a business unit Operating Expense or Non Operating Expense
Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj
after directing tally 9 to calculate interest as per 30 day option basis on a loan account.........,it still calculates interest as per calender month when checked on to display>statements of accounts>interest payable in tally 9 ...where is the error?? how to correct the function.
What is miscellaneous expense and when it is used
Why we have to present first and second draft(Bill of Exchange) for bank negotiation.Why cant we present only One draft?
joint venture?
What is specific reserve
i am a mba fresher and i'm learning oracle finance.please give me ur valueble suggetions about my career in oracle finance? what r the requirements 2 get a good job in time?
Hi, If I am placing the order in amazon on behalf of the customer who place the order in other e-commerce application in which If I mention the billing address of the customer and goods will be delivered to the customer from amazon ,and other E-commerce site will deduct their commission on the certain % and make the payment to me on some what profit at that time how should maintain my books of account..??
Plz Give the Inventry Accounting Procedure 1.Domestic Purchases ( VAT,CST,& Excise) 2.Import Purchases ( Direct Expences & Excise ) 3.When Will the Price Diffrence Entry Happen? 4.Cash Discount & Trade Discount On Purchases? 5.Domestic Sales ( VAT,CST,& Excise) 6.Export Sales ( Customes ,Excise ) 7.Cash Discount & Trade Discount On Sales?
is there any chance for confilcts between an accountant and a sales executive ? If yes how do you resolve the same as an accountant ?
