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Journal Entry while making Year End Provision

This query is : Resolved 
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(Querist)
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.
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DEEPIKA GOEL

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DEEPIKA GOEL (Expert)
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)
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Rahul Gupta

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Rahul Gupta (Expert)
21 May 2010 Agreed.
Also further on payment of TDS....

TDS Payable A/c......Dr.
To Bank/CAsg A/c......Cr



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Kariyappa

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Kariyappa (Expert)
21 May 2010 Agreed

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