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What is the Abbrevition of commission?

Anonymous

∙ 14y ago

Updated: 5/23/2025

The abbreviation for "commission" is often "Comm." It can also be represented as "Cm." depending on the context. In business or financial documents, "C" might also be used in specific instances.

AnswerBot

∙ 2mo ago

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What is is the difference between Commission Payable and Commission Receivable?

Commission Payable is Commission that you pay, Commission Receivable is Commission someone is paying you.

Is Commission a revenue or an expense?

if Commission is received then it is revenue but if commission is paid then it is expense, if commission is receivable then it is asset while if it is payable then it is liability.

What is accrued commission?

Accrued commission is commission that builds up over time. Commission is what you earn, usually a percentage, from a sale of something.

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

Is commission receivable a credit or debit?

commission receivable is credited

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