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What is the journal entry for commission paid?

Updated: 9/24/2023

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∙ 9y ago

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Debit Commission expense

Credit Cash / bank

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What is journal entry for commission paid?

debit commission expensecredit cash / bank

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

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 is the journal entry for bill received?

There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.

What is the journel entry for commission paid?

Commission Paid A/c Dr To Cash/Bank A/c Cr

Related questions

What is the journal entry for commission to be paid?

[Debit] Commission expense xxxx [Credit] Commission payable xxxx

What is journal entry for commission paid?

debit commission expensecredit cash / bank

What is the journal entry for commissions paid to a salesman?

[Debit] Commission paid xxxx [Credit] cash / bank 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

What is the journal entry to record an accrued commission?

debit commission receivablecredit commission income

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

Debit commission expenseCredit commission payable

What is the journal entry for bill received?

There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.

Journal entry of entry tax paid?

[Debit] Tax paid [Credit] Cash / bank

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 journel entry for commission paid?

Commission Paid A/c Dr To Cash/Bank A/c Cr

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