Commission receivable
This query is : Resolved
10 May 2013
Dear Sir,
Please advise to us how I maintain journal entry of Commission Received & Commission Receivable A/c in Tally ERP9.
Please advise to us how I maintain journal entry of Commission Received & Commission Receivable A/c in Tally ERP9.
10 May 2013
1. Open 2 ledger accounts in Tally. Commission under Direct/Indirect Income and Commission Receivable under Current Assets.
2. When the commission becomes due, entry shall be as under:
Commission Receivable A/c Dr
To Party A/c
On receipt of commission, entry will be:
Bank A/c Dr
To Commission Receivable A/c
To TDS Receivable A/c
2. When the commission becomes due, entry shall be as under:
Commission Receivable A/c Dr
To Party A/c
On receipt of commission, entry will be:
Bank A/c Dr
To Commission Receivable A/c
To TDS Receivable A/c
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- TDS on property - Form 141 query
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- ITR-3 File/Error Found
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
