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INSURANCE COMMISSION

Others 197 views 4 replies
SIR MY QUARY INSURANCE COMMISSION WHERE I CAN SHOW TRADING A/C OR PROFIT & LOSS S/C.
Replies (4)

if it is income show under income /  profit under revenues - commission income 

if it is a expense show under indirect costs - as commission expense

ok sir but income where I show income side of trading a/c or other income on p/l a/c

if commission income  is the main business then show under trading account. if it is other income then show under profit and loss account

Show under the head sale of services


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