TCS entry in books

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629 Points Posted on 26 December 2020
Sir,

How to do TCS entry in buyers,s.books please provide the entry in tally.
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On 26 December 2020 at 12:37 Report
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Quick Summary
This discussion explains how to record Tax Collected at Source (TCS) entries in your accounting software, specifically Tally. It guides you on creating the necessary ledger for TCS Receivable under Current Assets and provides the correct journal entry format to debit TCS Receivable and credit the supplier.

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374 Points Posted on 26 December 2020
TCS Recievable debit and supplier credit
1 Reply
On 26 December 2020 at 13:36
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629 Points Posted on 26 December 2020
Sir, In which group I create the ledger
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On 26 December 2020 at 17:59
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Assistant Accountant
31 Points Posted on 07 January 2021
TCS Receivable under current asset.
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On 07 January 2021 at 09:20
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2 Points Posted on 30 March 2023

sir give the summary 

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On 30 March 2023 at 08:51

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