Commission received is credited and cash is debited
debited
credited
All liabilities are credited and assets are debited so increase in liability will be credited and not debited.
Credit
Revenue is income or a credit.
commission is an asset
debited
credited
credited
credit
All liabilities are credited and assets are debited so increase in liability will be credited and not debited.
Credit
The cashbook (account) in the company's books reflects all cheques written to suppliers and all cheques received from customers. However, the bank statement balance shows only cheques that have cleared. So at any date there can be a difference between the cashbook and the bank statement, comprising of cheques issued and/or cheques received but yet to clear and be debited/credited to the bank balance. There may also be differences due to accounting errors or omissions. In doing a bank reconciliation these differences can be identified and corrected.
Revenue is income or a credit.
Make sure that the customer account is credited and that cash is debited.
It is a debit and taken out of your account.
deposited money is credited to your concern bank account