Dear All,
What is the journal entry for audit fee provision.
Nisha Yadav (Accounts exe) (455 Points)
31 May 2012Dear All,
What is the journal entry for audit fee provision.
Parmod Rawat
(B.COM,MBA,CWA Inter)
(401 Points)
Replied 31 May 2012
Audit fee a/c dr
To Audit fee payable a/c cr.
Nisha Yadav
(Accounts exe)
(455 Points)
Replied 31 May 2012
Thanks and what about tds and service tax
Parmod Rawat
(B.COM,MBA,CWA Inter)
(401 Points)
Replied 31 May 2012
the same as audit fee.. whenever you make provision just give credit to the payable a/c & debit to expense thats it
Nisha Yadav
(Accounts exe)
(455 Points)
Replied 31 May 2012
Is this correct entry
Dated on 31/03/2012
Audit fee DR Rs. 84270(75000+ST 12.36%)
To audit fee Payable 75843
To TDS payable 8427
Parmod Rawat
(B.COM,MBA,CWA Inter)
(401 Points)
Replied 31 May 2012
| Originally posted by : Nisha Yadav | ||
 |
Is this correct entry Dated on 31/03/2012 Audit fee DR Rs. 84270(75000+ST 12.36%) To audit fee Payable 75843 To TDS payable 8427 |
 |
Correct...
CAclubindia
