Commission Payable is Commission that you pay, Commission Receivable is Commission someone is paying you.
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.
Accrued commission is commission that builds up over time. Commission is what you earn, usually a percentage, from a sale of something.
If Advance Commission paid: [Debit] Prepaid Commission xxxx [Credit] Cash/Bank xxxx If advance commission received: [Debit] Cash/Bank xxxx [Credit]Unearned Commission xxxx
commission receivable is credited
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Descipe isn't a word.
The Abbrevition for Moderate is Mo
Descipe isn't a word.
http://en.wikipedia.org/wiki/Www
Internet Relay Chat.
what is abbrevition GLS when tell about car engine
U-boat/U-boot/U-bout = UnterseeBoot... Under Sea Boat.
Commission Payable is Commission that you pay, Commission Receivable is Commission someone is paying you.