Debit Commission expense Credit Cash / bank
If Advance Commission paid: [Debit] Prepaid Commission xxxx [Credit] Cash/Bank xxxx If advance commission received: [Debit] Cash/Bank xxxx [Credit]Unearned Commission xxxx
debit
commission receivable is credited
credit
Debit Commission expense Credit Cash / bank
[Debit] Commission expense xxxx [Credit] Commission payable xxxx
If Advance Commission paid: [Debit] Prepaid Commission xxxx [Credit] Cash/Bank xxxx If advance commission received: [Debit] Cash/Bank xxxx [Credit]Unearned Commission xxxx
debit
[Debit] Commission paid xxxx [Credit] cash / bank xxxx
commission receivable is credited
credit
A credit, if you were taking money out of an account to pay a commission that would be a debit. So we have learned a credit is-money coming in and a debit is-money going out
Debit column
Commission received in income and cash is actually received so cash is always debit and commission is credit against cash as all incomes have credit balance as default balance.
Credit
A debit is money paid out or a loss, a credit in income or a gain.