Journal Entry while making Year End Provision
This query is : Resolved
20 May 2010
Please clarify me what entry should be passed in case of Provision for Audit Fees(consider TDS also) and entry for subsequent year.
Please clarify me what entry should be passed in case of Provision for Audit Fees(consider TDS also) and entry for subsequent year.
20 May 2010
Audit fees A/c Dr.
To TDS A/c
To Audit Fees Payable
(Being the provision has been made for audit fee payable to............. for the period of .........)
In subsequent year
While making payment to auditor
Audit fees payable A/c Dr.
To Bank A/c
(Being the payment made to auditor)
To TDS A/c
To Audit Fees Payable
(Being the provision has been made for audit fee payable to............. for the period of .........)
In subsequent year
While making payment to auditor
Audit fees payable A/c Dr.
To Bank A/c
(Being the payment made to auditor)
21 May 2010
Agreed.
Also further on payment of TDS....
TDS Payable A/c......Dr.
To Bank/CAsg A/c......Cr
Also further on payment of TDS....
TDS Payable A/c......Dr.
To Bank/CAsg A/c......Cr
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Disallowance of Section 43B(h) to sez units
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
