0

Subjects>Business>Accounting

Is sales and salaries commission debit or credit?

Anonymous

∙ 14y ago

Updated: 9/19/2023

Those commission costs would show as debits on the profit and loss.

Wiki User

∙ 14y ago

What else can I help you with?

Continue Learning about Accounting

What is the journal entry for purchase on credit and sales on cash?

Debit: Purchases Credit: Accounts Payable Debit: Cash Credit: Sales

What is the journal entry for a cash sell?

Debit Cash Credit Sales

Journal entry for returned goods by customer?

[Debit] Sales returns [Credit] Cash / bank [debit] Sales revenue [credit] sales return

When using Journal Entries for Refund Debit AR credit Sales What is the account that the check would offset?

When goods refund:[Debit] Sales returns[Credit] accounts receivable / cashAdjusting entry:[Debit] sales revenue[Credit] Sales returns

Will a debit increase sales?

Sales has credit balance as default balance so it means only credit can increase the sales and that;s why all debit reduces the sales because it is reverse of credit balance.

Related Questions

How do you account cash sales return?

[Debit] Sales return [Credit] Cash /bank [Debit] Sales [Credit] Sales return

What is the journal entry for purchase on credit and sales on cash?

Debit: Purchases Credit: Accounts Payable Debit: Cash Credit: Sales

What is the journal entry for a cash sell?

Debit Cash Credit Sales

Is sales discount a debit or credit?

Credit

Journal entry for returned goods by customer?

[Debit] Sales returns [Credit] Cash / bank [debit] Sales revenue [credit] sales return

When using Journal Entries for Refund Debit AR credit Sales What is the account that the check would offset?

When goods refund:[Debit] Sales returns[Credit] accounts receivable / cashAdjusting entry:[Debit] sales revenue[Credit] Sales returns

Will a debit increase sales?

Sales has credit balance as default balance so it means only credit can increase the sales and that;s why all debit reduces the sales because it is reverse of credit balance.

What is the double entry for sale?

Cash/Bank/Accounts Receivable [Debit] Sales[Credit]

Do you debit or credit proceeds of sales of fixed asset in trial balance?

credit credit credit

What You Mean Showing Debit Balance in Sales?

sales generally have credit balance .debit balance of sales would mean that a firm is incurring loss on sales

Cash sales of 2600 was credited into the bank?

[Debit] cash 2600 Credit sales 2600 Deposited to bank Debit Bank 2600 Credit Cash 2600

What is entry for sales returns?

[Debit] sales return [credit] cash / bank

Trending Questions

The securities and exchange commission helped the public? What needs to happen when the customer pays on the account? What are the three categories that are used to determine the rate of bah individual pay? What is the full form of m b a? What if I forgot to sign check for owed state taxes? What is the difference between W-4 and W-2? Why straight line is the most common depreciation method used? What money transfer agency has 9 digits reference number? Which cabinet member is responsible for the collection of state taxes? Which accounts requires a closing entry? How can you make a credit card company add to account notes closed by the customer? Is Any credit balance in a vendor subsidiary account is an unpaid balance owed? If a Company owns ordinary shares in another company are these treated as a tangible or intangible asset within the accounts.? How do you earn a point using American Express? How is accounting is said to be political in nature by analysing public interest theory with private interest theory? Is overtime included in the computation of tax refund? Where do you get payroll deduction books? What is the balance sheets prepared? What is rental income considered as? What is retail merchant account?

Resources

Top Categories

Product

Company

Copyright ©2025 Answers.com. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.