0
commission is a system of payment when you are successful in exchanging goods of services. so if you sell an product, you will get a certain percentage of the profit or an agreed amount.
this is to encourage people to try and sell more, because how much you make is parallel to how much you sell.
What else can I help you with?
What is received commision?
A received commission is a fee for service performed that has been received.
Is commission received a revenue?
It is a source of income/revenue.
Rob Polanski is a tractor salesman Last week his total sales amounted to 38642.00 and he received 2704.94 in commission What is his rate of commission?
Rob Polanski is a tractor salesman. Last week his total sales amounted to $38,642.00, and he received $2,704.94 in commission. What is his rate of commission?A. 6% B. 5.9%C. 7%D. 8.4%
Can a garnishment include bonuses and commission?
Yes if the garnishee has received the bonus and/or commission it can be garnished at the time the judgment writ is executed and as long as the garnishment remains valid.
What is the rate of commission if totals sales are 27650.00 and you received 1382.50?
5% 1382.5/27650
What is the entry for commission received in the trading profit and loss account?
Commission received will appear on the credit
Is commission received debited or credited in the cashbook?
Commission received is credited and cash is debited
What entry would you make in the general journal for commission received?
Debit cash / bankCredit commission received
What will be the journal entry for commission received?
[Debit] Cash account xxxx [Credit] Commission received xxxx
Why bank account is debited when commission is received?
commission is an asset
Is commission received debit?
Commission received in income and cash is actually received so cash is always debit and commission is credit against cash as all incomes have credit balance as default balance.
What is received commision?
A received commission is a fee for service performed that has been received.
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 are examples of revenue income?
sales rent received commission received
Incentive pay received by a salesperson?
commission
The incentive pay received by a salesperson?
commission
Incentive to pay received by salesperson?
commission
