Journal Entries in Books of Collectee

Last updated at August 12, 2026 by

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Entries in Books of Collectee Case 1 First Goods Purchased, then Payment Made Case 2 Payment in Advance, then Goods Purchased Purchase Dr TCS Receivable Dr To Party 101000 1000 101000 Party To Bank 101000 101000 Party TCS Receivable To Bank 101000 1000 101000 TCS To Bank 101000 101000 teachoo.com

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant with 16+ years of practical experience and 20+ years of teaching experience. At Teachoo, he simplifies Accounts, Tax and GST with step-by-step examples so students can apply concepts confidently in exams and real life.

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