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Journal entry

2012 views 5 replies
How to pass journal entry for transaction Commission due to Vinay 5000
Replies (5)

Commission A/c (indirect expense)               Dr. 5000

                     To TDS on commission (if applicable)          50

                     To Vinay                                                    4950

On subsequent payment:

Vinay Dr

      To Bank A/c

ok but if the commission is due why the outstanding commission account is not credited. 

Im sry i did not address your query properly. In that case, you can Credit O/s commission ac instead of vinay. And later after payment (payment entry remains the same) Dr. O/s commission and Cr. Vinay
Thank q so much for your kind reply
Thank q so much for your kind reply


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