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.
If commission is paid on selling the product then it is selling expense .
Sales commission is a Cost of sales. But the salary of a sales agent is an expense.
Debit Commission expense Credit Cash / bank
no it is not deirect expenses
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.
If commission is paid on selling the product then it is selling expense .
Sales commission is a Cost of sales. But the salary of a sales agent is an expense.
If sales commission is payable in future time then it is current liability but if it is paid already then it is expense.
[Debit] Commission expense xxxx [Credit] Commission payable xxxx
If amount of sales commission is fixed and not base on number of units sold then it is fixed expense and vice versa.
Debit Commission expense Credit Cash / bank
no it is not deirect expenses
Yes, period costs are non manufacturing costs
It means it is worth a lot.
It is the expense paid for glass clean. In other words, the expenses paid to professional to clean the outside building is called janitorial expense.
The word 'expense' is both a noun and a verb.The verb to 'expense' means to offset an item of expenditure against taxable income; to charge something to an expense account; a word for an action.