Question

What is the Journal Entry for fees paid on behalf of someone?

For example, "Accountancy fees paid on our behalf by Mr X"

and "Amount paid to Mr x (In regards to accountancy fees) from personal bank a/c"

Answer 1

Answer:

Fees paid A/C Dr. Rs. (amount)

To Mr. X A/C Rs. (amount)

Mr. X A/C Dr. Rs. (amount)

To cash A/C Rs. (amount)

Answer 2

Answer:

refer to the attachment above for ur answer

Explanation:

hope it helps you ^_^

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