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Is commission received debit

Updated: 9/24/2023

Wiki User

∙ 9y ago

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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.

Wiki User

∙ 9y ago

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Where does commission received go to in the trial balance?

Debit column

What will be the journal entry for commission received?

[Debit] Cash account xxxx [Credit] Commission received xxxx

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

Is commission credit or debit?

debit

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

Where does commission received go to in the trial balance?

Debit column

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 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 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 commission credit or debit?

debit

Is commission receivable a credit or debit?

commission receivable is credited

What is the journal entry to record an accrued commission?

debit commission receivablecredit commission income

What is the journal entries for commission recived?

debit cash / bankcredit commission income

What is the journal entry for commission to be paid?

[Debit] Commission expense xxxx [Credit] Commission payable 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

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Is commission received debit?

Is commission received debit

Add your answer:

Where does commission received go to in the trial balance?

What will be the journal entry for commission received?

What is the journal entry for advanced commission?

Is commission credit or debit?

What will be the journal entry if you received net commission after deducting prev month gross commission?

Where does commission received go to in the trial balance?

What entry would you make in the general journal for commission received?

What will be the journal entry for commission received?

What is the journal entry for advanced commission?

What will be the journal entry if you received net commission after deducting prev month gross commission?

Is commission credit or debit?

Is commission receivable a credit or debit?

What is the journal entry to record an accrued commission?

What is the journal entries for commission recived?

What is the journal entry for commission to be paid?

What is will be the journal entry of recognition of comission payable?

What is the journal entry for commission paid?

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