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To make an adjusting entry for the accrued commission is what?

Adjusting entry as follows: [Debit] Cash / bank [Credit] Accrued commission


What was amini commission?

Amini Commission 1776 A revenue commission of inquiry instituted by Governor General Warren Hastings to make an evaluation of India's land resources so that the next revenue settlement could be made fairly. The Quinquennial Settlement (1772-1776), which was based on nilam or auction bids among revenue farmers, proved to be a disastrous failure. A new settlement was due from 1777. Warren Hastings instituted a revenue commission to survey (hence the term 'amini') the resource situation and recommend a fair assessment of land revenue for the next settlement. It consisted of two covenanted officers and one native diwan. The two covenanted officers were David Anderson and George Bogle. They worked as commissioners and the native diwan Gangagovind Singh served on the commission as peshkar. The Governor General in Council concurred that a reliable valuation should take place in the revenues, that some diminution should be made, and that the coming settlement should be permanent. The commission was asked to give their concrete recommendations as to how these objects could be achieved.


What is foreign exchange gain loss?

It's a foreign exchange gain or loss, so when you exchange currencies, you can either make a gain or a loss from it (profit or loss).


What is commission a rate?

A commission rate is a wage where you are paid a percentage of every sale that you make, not by the hour. It has advantages and disadvantages. During sales and holidays you may make more money but on slow days you may not make any money.


How much does a CAbi consultant make?

CAbi consultant make money on commission. This means that the amount of money they make is totally dependent on how much they sell.

Related Questions

What was the Immediate purpose of federal securities act?

The Securities Exchange Commission (SEC ) was designed to protect investors. It enforces regulations on securities firms to make sure there are no regulations that are not being carried out correctly for the benefit of investors.


What are the function of sec?

The SEC, or U.S. Securities and Exchange Commission, is responsible for regulating the securities industry and protecting investors. Its primary functions include enforcing securities laws, overseeing securities exchanges, and ensuring that public companies disclose important financial information. The SEC also aims to maintain fair and efficient markets, prevent fraud, and promote capital formation. Additionally, it provides educational resources to help investors make informed decisions.


What effect did the Enron scandal have on J.P. Morgan?

The U.S. Securities and Exchange Commission alleged that the company helped Enron set up complex financing, which allowed Enron to hide debt and make earnings and revenues look much better than the actual financial position


What is the regulatory bodies in accounting?

The regulatory bodies that govern accounting practices are Securities and Exchange Commission, the American Institute of Certified Public Accountants, the Financial Accounting Standards Board and the Governmental Accounting Standards Board. These regulatory bodies make sure companies file their accounting statements correctly.


What is the symbol for Vanguard Mortgage-Backed Securities ETF in NASDAQ?

The symbol for Vanguard Mortgage-Backed Securities ETF on NASDAQ is VMBS. This symbol is used to uniquely identify and trade this particular exchange-traded fund on the NASDAQ stock exchange. Investors can use this symbol to track the performance and make transactions related to Vanguard Mortgage-Backed Securities ETF.


What Independent regulatory commission are bodies which means they have the power to make rules and regulations?

Independent regulatory commissions are agencies created by Congress to oversee specific sectors of the economy and enforce rules and regulations within their jurisdictions. They operate independently from the executive branch, allowing them to make decisions free from political influence. These commissions have the authority to create regulations, enforce compliance, and adjudicate disputes in their areas of expertise, ensuring fair practices and protecting public interests. Examples include the Federal Communications Commission (FCC) and the Securities and Exchange Commission (SEC).


What can I do to exchange a stock?

The other type of stock exchange is a virtual kind, composed of a network ..... Over the short-term, stocks and other securities can be battered or buoyed by .... want to know about the stock market is, "How do I make money investing


How does SEC protect investors?

The U.S. Securities and Exchange Commission (SEC) protects investors by enforcing securities laws that promote transparency and fairness in the financial markets. It requires public companies to disclose important financial information, which helps investors make informed decisions. The SEC also monitors trading practices to prevent fraud and insider trading, and it can take legal action against individuals or companies that violate securities regulations. Additionally, the SEC provides educational resources to help investors understand their rights and the risks associated with investing.


Where can someone find more information about Telstra Australia?

Information regarding Telstra Australia can be found on its website or through filings the company must make by law to the Australia Securities & Investments Commission.


How can I conduct research on mutual funds for free?

You can conduct research on mutual funds for free by using online resources such as financial websites, investment platforms, and regulatory websites like the Securities and Exchange Commission (SEC). These sources provide information on mutual fund performance, fees, holdings, and other important details to help you make informed investment decisions.


Why Form 424A in SEC is issued?

: The prospectus form that a company must file to disclose information referred to in forms 424B1 and 424B3. Companies are required to file prospectus form 424B4 in accordance with Rule 424 of the Securities Exchange Act of 1933. The Securities Exchange Act of 1933 was created to help investors make informed decisions by requiring securities issuers to complete and file registration statements (including financial and material information) with the SEC before making an issue available for purchase by the public. Often registration statements filings required under the Securities Exchange Act of 1933 are also registration statements under the Investment Company Act of 1940.


What is the purpose of the Charity Commissioners?

The Charity Commissioners aim to make sure that charity trustees are actually doing stuff for the benefit of the public. They do this through many forms of monitoring.