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Commission receivable

This query is : Resolved 
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(Querist)
10 May 2013 Dear Sir,
Please advise to us how I maintain journal entry of Commission Received & Commission Receivable A/c in Tally ERP9.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
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
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