It is a source of income/revenue.
A received commission is a fee for service performed that has been received.
Rob Polanski is a tractor salesman. Last week his total sales amounted to $38,642.00, and he received $2,704.94 in commission. What is his rate of commission?A. 6% B. 5.9%C. 7%D. 8.4%
Yes if the garnishee has received the bonus and/or commission it can be garnished at the time the judgment writ is executed and as long as the garnishment remains valid.
5% 1382.5/27650
Prepaid revenues are defined as revenue that have been received in the current fiscal period but that will not be added to revenues until a subsequent fiscal period when the benefits are given.
if Commission is received then it is revenue but if commission is paid then it is expense, if commission is receivable then it is asset while if it is payable then it is liability.
sales rent received commission received
Commission received will appear on the credit
Pool commission structure in a company works by sharing the revenue from sales. All revenue is put in a 'pool' of sorts and then divided between employees.
Commission received is credited and cash is debited
no
Non interest revenue
Debit cash / bankCredit commission received
[Debit] Cash account xxxx [Credit] Commission received xxxx
commission is an asset
profit in a company this is increase in revenue received by the company. profit in a company this is increase in revenue received by the company.
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.