Trial balance commission debit or credit?

Answer 1

In a trial balance, commissions would typically be recorded as a debit in the commissions expense account.

A trial balance is a financial statement that lists all of the accounts in a company's general ledger and their balances at a given point in time. Each account is listed on the trial balance with either a debit balance or a credit balance. If the balance of an account is a debit, it means that there are more debits than credits in the account. If the balance of an account is a credit, it means that there are more credits than debits in the account.

Commissions are typically recorded as expenses on a company's income statement, so they would be recorded as a debit in the commissions expense account on the trial balance. This would be the case whether the commissions are earned by employees or paid to outside parties for services rendered.

My recommendation :- 𝕙𝕥𝕥𝕡𝕤://𝟘𝟝𝟠𝟚𝕗𝕣𝕡𝟟𝕠𝕚𝕩𝟠𝟡𝕥𝕕𝕔𝕢𝕡𝕪𝕔𝕥𝕛𝕚𝕠𝟛𝕟.𝕙𝕠𝕡.𝕔𝕝𝕚𝕔𝕜𝕓𝕒𝕟𝕜.𝕟𝕖𝕥

Answer 2

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

Answer 3

Trial Balance Commission Credit Trial balance commission debit or credit?

In accounting, a trial balance is a list of the balances of all the general ledger accounts of a business at a particular point in time. It is typically prepared at the end of an accounting period, such as a month or a year, to help ensure that the total of all debits equals the total of all credits, which is a requirement for the double-entry system of accounting.

In the trial balance, commissions would be recorded as a debit in the commission expense account. This is because commission expenses are recorded as a debit in the general ledger because they represent an increase in the company's expenses. The debit entry in the commission expense account will be offset by a corresponding credit entry in the Accounts Payable account, which represents the company's liability to pay the commission.𝓱𝓽𝓽𝓹𝓼://𝔀𝔀𝔀.𝓭𝓲𝓰𝓲𝓼𝓽𝓸𝓻𝓮24.𝓬𝓸𝓶/𝓻𝓮𝓭𝓲𝓻/449012/𝓢𝓱𝓮𝓻𝓲𝓷𝓪𝓷𝓸𝓸𝓹/