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Journal entry
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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