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Accounting entry
what is the accounting entry for audit fees with GST invoice in tally .
Replies (2)
Audit Fees A/c Dr
Input CGST A/c Dr
Input SGST A/c Dr
To TDS Payable A/c
To Provision for Audit Fees A/c
(With proper narration for provision )
Provision of Audit Fees A/c Dr
To Bank A/c
( With proper narration at the time of payment )
Input CGST A/c Dr
Input SGST A/c Dr
To TDS Payable A/c
To Provision for Audit Fees A/c
(With proper narration for provision )
Provision of Audit Fees A/c Dr
To Bank A/c
( With proper narration at the time of payment )
after provision and before payment you should debit provision and credit auditor.
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