Accounting entry for commission

AADI (Accountant) (74 Points)

04 February 2012  

any one suggest me the following

Deposit accepted for Rs.10,000/- which includes commission @ 5% at the time of receipt and 1 % after 15 days.

is the following is correct entry?

Debit :cash A/c Rs.9400/-

Debit : Commission @ 5% Rs.500/-

Debit :Commission incurred but not due @ 1% Rs.100/-

Credit : 5% deposits Rs. 10000/-