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A reasonable fee an executor can charge for doing all the work (and there can be a lot of it) in executing a will. This fee will be on top of any expenses and will come out of the estate before any inheritance payouts. Heirs should be able to see what the expenses and commission are, should they wish to do so - it is the duty of the executor to keep detailed records/accounts.
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What is is the difference between Commission Payable and Commission Receivable?
Commission Payable is Commission that you pay, Commission Receivable is Commission someone is paying you.
What are the 3 constitutional commission?
civil service commission, commission on election, commission on audit
What are the three constitutional commission in the Philippine constitution?
The Commission on Audit, the Civil Service Commission, and the Commission on Elections.
What is the sayman commission?
sayman commission
Is Commission a revenue or an expense?
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.
What is accrued commission?
Accrued commission is commission that builds up over time. Commission is what you earn, usually a percentage, from a sale of something.
What is a sentence using the word commission?
He was sentenced to 20 years in prision for the commission of his crime.She was paid a commission of 15% for every item she sold. He had a high approval rating during his commission in office.
What is the journal entry to record an accrued commission?
debit commission receivablecredit commission income
How to spell commission?
The correct spelling is commission.Some example sentences are:I will commission a family painting.He makes a lot of commission from his sales.
What is a commission booth?
a booth that makes commission
What is venkataswami commission related to?
finance commission
What was the name of the commission that investigated JFKs assassination?
The Warren Commission.
