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Journal entry:
[Dr.]Bank account xxxx
[Dr.]Cash account xxxxx
[Cr.]Commission Received xxxx
Commission received is credited because it is our income and incomes are credited.
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∙ 14y ago
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What will be the journal entry for commission received?
[Debit] Cash account xxxx [Credit] Commission received xxxx
What will be the journal entry if you received net commission after deducting prev month gross commission?
The journal entry for receiving commission is as follows: Cash/Bank [Debit] XXXX Commission[Credit] XXXX
Is a journal entry made on invoices received?
no entry when invoices received, journal entry made when transaction occured and not when invoices received.
What is the journal entry for bill received?
There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.
What is the journal entry for advanced commission?
If Advance Commission paid: [Debit] Prepaid Commission xxxx [Credit] Cash/Bank xxxx If advance commission received: [Debit] Cash/Bank xxxx [Credit]Unearned Commission xxxx
What entry would you make in the general journal for commission received?
Debit cash / bankCredit commission received
What will be the journal entry for commission received?
[Debit] Cash account xxxx [Credit] Commission received xxxx
What will be the journal entry if you received net commission after deducting prev month gross commission?
The journal entry for receiving commission is as follows: Cash/Bank [Debit] XXXX Commission[Credit] XXXX
Is a journal entry made on invoices received?
no entry when invoices received, journal entry made when transaction occured and not when invoices received.
What is the journal entry to record an accrued commission?
debit commission receivablecredit commission income
What is the journal entry for bill received?
There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.
What is the journal entry for advanced commission?
If Advance Commission paid: [Debit] Prepaid Commission xxxx [Credit] Cash/Bank xxxx If advance commission received: [Debit] Cash/Bank xxxx [Credit]Unearned Commission xxxx
What is will be the journal entry of recognition of comission payable?
Debit commission expenseCredit commission payable
What is the journal entry for commission paid?
Debit Commission expense Credit Cash / bank
What is the journal entry for commission to be paid?
[Debit] Commission expense xxxx [Credit] Commission payable xxxx
What is the entry for commission received in the trading profit and loss account?
Commission received will appear on the credit
What is journal entry for commission paid?
debit commission expensecredit cash / bank
