Customers commission A/c
This query is : Open
Chandan Arora
(Querist)
27 September 2016
What will be the journal entries for the commission given on sales in Cash.how to maintain commission a/c
Deepti Asawa
(Expert)
27 September 2016
if commission given in cash-
Commission A/c Dr.
To Cash A/c
Profit and loss A/c Dr.
To Commission A/c
If commission due but not paid
Commission A/c Dr.
To X A/c
Profit and loss A/c Dr.
To Commission A/c
Commission A/c Dr.
To Cash A/c
Profit and loss A/c Dr.
To Commission A/c
If commission due but not paid
Commission A/c Dr.
To X A/c
Profit and loss A/c Dr.
To Commission A/c
Message likes :
1 times
Chandan Arora
(Querist)
27 September 2016
Thankew very much deepti ji
Chandan Arora
(Querist)
27 September 2016
mam one more query is,suppose I m opening A's commission A/c instead only commission a/c.then do I need to transfer the balance of A's Commission a/c to P&L A/c??
Deepti Asawa
(Expert)
27 September 2016
y r u opening A's commission A/c. Profit and loss a/c charge only Indirect expenses
Chandan Arora
(Querist)
27 September 2016
bcz we have arout 1500 brokers.and our CA have suggested us to open commission a/c of every person we are paying commission to.
Chandan Arora
(Querist)
27 September 2016
kindly suggest
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