Journal entries

I think my way is long....

i) RECEIPTS:

Cr. Party A/c - 60000

Dr. Bank/Cash - 60000

ii) JOURNAL :

1.    Dr. Party A/c - 6000

       Cr. Audit Fee fee A/c  - 4000

       Cr. Tax Payments A/c - 20000 (under - Liability, Loans)

2.   Dr. Tax Payments - 20000

      Cr. Bank  A/c - 20000

Remuneration shown in Indirect Expenses..

Journal :

Dr. Remuneration A/c - XXXX    (Under - Indirect Expenses)

Cr. Partners Name A/c - XXXX

Payment :

Dr. Partners Name A/c - XXXX

Cr. Bank/Cash - XXXX

The Tax payment is of client  or of the Audit firm?
Please clear this, Whether audit firm is paying after collecting from Client

Originally posted by : Law Aspire
	The Tax payment is of client  or of the Audit firm? Please clear this, Whether audit firm is paying after collecting from Client

Explain again...!

20000 Rs. is tax liablity of Client or Audit firm ?

What you want exactly...?

I'm not u/s your query...!