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

Answer Posted / ashwani sood

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

Is This Answer Correct ?    26 Yes 1 No



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