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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 / vaishali pawaskar
proffessional fees a/c .....dr 30000
to abc & co 30000
(Being provision for the proffeessional chrges)
consultant abc A/c .........dr 30000
to bank a/c 27000
to tds on prof fees 3000
(being paid proffessional chrges with tds @10%)
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