Help me in a complex journal entry !

You earn commission or your client earns? I am confused?

Cash A/c Dr      XXX (money received now)

     To Debtor A/c             XXX (previous year receivable amount)

     To Commission A/c  XXX

As you are saying ur client is having an opening balance , it means u have considered this income in earlier month or year. If it is so then u are not required to credit commssion a/c. Then your entry will be
Cash/Bank A/c............. Dr
      to Debtors A/c.

Now if you have not considered this income earlier in books of account then your entry should be...
Debtors A/c.............Dr
   To Commssion A/c

Cash/Bank..............Dr
   To Debtors A/c

I hope you got the logic. If u still have any doubts.....then feel freto ask.

Regards

Varsh*t Shah

Varsh*t is right,

Please clarify which account your client having Rs.10000 balance.......

VArsh*t Shah is Right.

Varsh*t shah is correct.

i agree with mr.  shah, u must have credited comm. a/c against the debtor in prev. yr now u r getting pmt of o/s  balance so the entry should be  likeone;

      casha/c             dr.                 **

             to        dedtor                               **

Cash A/c.........Dr.

To Sun.Dr's A/c

As you have mentioned commission is the revenue generator (sales) for the firm.

So , previous year definitely they will account the revenue, when the service provided.(thats y op. balance for Debtor) So

this year it shoul be, when cash received;  

                                       Dr  Cash A/c

                                        Cr. Debtor A/c

Thank you

The entry is

Cash A/c Dr

   to Debtors A/c

The reason for non applicability of

cash a/c dr 

  to commission a/c

is the Commission A/cis already credited in P&L A/c on last year as the Entry

Debtors A/c Dr.

  to Commission A/c thats y commission A/ cwill not come.

The entry is

Cash A/c Dr

   to Debtors A/c

The reason for non applicability of

cash a/c dr 

  to commission a/c

is the Commission A/cis already credited in P&L A/c on last year as the Entry

Debtors A/c Dr.

  to Commission A/c thats y commission A/ cwill not come.

I think the query is solved now...!!