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Trial balance commission debit or credit?
Commission in a trial balance can be debit or even credit . It depends on a situation . If commission is given in the debit side of a trial balance then it is debit and if it is given in credit side then it is credit . But if no info is given it is taken as debit . Thanks
In accounting what is the difference between debit and credit?
A debit is an entry showing money you have payed out. A credit is an entry showing money you have received.
What is the journal entry for a cash sell?
Debit Cash Credit Sales
What is entry of credit and cash purchases?
Debit Purchases Credit Cash
Is depreciation a credit or debit entry?
"Depreciation Expense" is a Debit entry and the counter entry is "accumulated depreciation" on an asset which is a credit entry. Depreciation - DR. Amount X Acc. Depreciation - CR. Amount X
The earned interest on deposit is a credit or debit entry and against what should be done?
credit
What is the journal entry for commissions paid to a salesman?
[Debit] Commission paid xxxx [Credit] cash / bank xxxx
What is the journal entry for earned discount?
[Debit] Cash[Credit] Discount earning
Journal entry of commicsion receivable?
Post to Commissions Earned, an income account and Commissions Receivable, a current asset account.
What is the Entry for Revenue earned by the Branch office in branch accounting?
Branch retained earnigs - Debit Profit from Branch - Credit Bank account - debit Branch retained earning - Credit Current account - Branch - Debit Bank Account - Credit
Trial balance commission debit or credit?
Commission in a trial balance can be debit or even credit . It depends on a situation . If commission is given in the debit side of a trial balance then it is debit and if it is given in credit side then it is credit . But if no info is given it is taken as debit . Thanks
In accounting what is the difference between debit and credit?
A debit is an entry showing money you have payed out. A credit is an entry showing money you have received.
Why are the general journal entries for subscriber shares generally 1 Subscribers debit Share capital credit 2 Bank debit Subscribers credit Why do subscribers have a debit nature?
First entry is: [Debit] bank [Credit] Share application 2nd entry: [Debit] Share application [Credit] subscriber 3rd entry [Debit] subscriber [Credit] Share capital Subscriber is debit to write off the subscriber account.
Is a mortgage repayment for a business a credit or a debit entry?
Credit to cash, debit to the liability account for the mortgage.
What is the journal entry for a cash sell?
Debit Cash Credit Sales
What entry is to be passed in credit note?
Debit Purchases and Credit Supplier.
What is entry of credit and cash purchases?
Debit Purchases Credit Cash
