Commission Paid A/c Dr
To Cash/Bank A/c Cr
current asset
Debit Commission expense Credit Cash / bank
debit commission expensecredit cash / bank
If Advance Commission paid: [Debit] Prepaid Commission xxxx [Credit] Cash/Bank xxxx If advance commission received: [Debit] Cash/Bank xxxx [Credit]Unearned Commission xxxx
The journal entry for receiving commission is as follows: Cash/Bank [Debit] XXXX Commission[Credit] XXXX
current asset
To maintain accounts
[Debit] Commission expense xxxx [Credit] Commission payable xxxx
Debit Commission expense Credit Cash / bank
debit commission expensecredit cash / bank
cash a/c dr capital a/c cr
[Debit] Commission paid xxxx [Credit] cash / bank xxxx
If Advance Commission paid: [Debit] Prepaid Commission xxxx [Credit] Cash/Bank xxxx If advance commission received: [Debit] Cash/Bank xxxx [Credit]Unearned Commission xxxx
debit commission receivablecredit commission income
The journal entry for receiving commission is as follows: Cash/Bank [Debit] XXXX Commission[Credit] XXXX
Adjusting entry as follows: [Debit] Cash / bank [Credit] Accrued commission
The salesman was paid 5% commission on everything he sold.The council wanted to commission an artist to do the painting for the new hall.The salesman was paid 5% commission on everything he sold.The council wanted to commission an artist to do the painting for the new hall.The salesman was paid 5% commission on everything he sold.The council wanted to commission an artist to do the painting for the new hall.The salesman was paid 5% commission on everything he sold.The council wanted to commission an artist to do the painting for the new hall.The salesman was paid 5% commission on everything he sold.The council wanted to commission an artist to do the painting for the new hall.The salesman was paid 5% commission on everything he sold.The council wanted to commission an artist to do the painting for the new hall.The salesman was paid 5% commission on everything he sold.The council wanted to commission an artist to do the painting for the new hall.The salesman was paid 5% commission on everything he sold.The council wanted to commission an artist to do the painting for the new hall.The salesman was paid 5% commission on everything he sold.The council wanted to commission an artist to do the painting for the new hall.The salesman was paid 5% commission on everything he sold.The council wanted to commission an artist to do the painting for the new hall.The salesman was paid 5% commission on everything he sold.The council wanted to commission an artist to do the painting for the new hall.