What is the journal entry for paying 50000 rs. To xyz co.
For professional fees after deducting tds on that.

Answer Posted / sreeju336@gmail.com

Proffesional Charges A/C Dr 45,000
TDS Payable A/c Dr 5,000
To Bank A/c 50,000

Is This Answer Correct ?    7 Yes 7 No



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