Professional fees of Rs.30000/- is paid to a consultant ABC
& Co.
please pass the necessary entry for the same
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Answer Posted / vipin tyagi
Professional Fees Dr. 30000
To ABC & co. 27000
To TDS on Professional(10%) 3000
(Being amount of professional consultancy charges payable
to M/s ABC & Co.)
ABC & co. Dr. 27000
To Bank A/c 27000
(Being amount of professional consultancy charges paid to
M/s ABC & co.)
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