Accountancy, asked by shubhredmi, 5 months ago

can we show commission is in trading account​

Answers

Answered by gupukaur1503
0

Explanation:

Under the cash basis of accounting, you should record a commission when it is paid, so there is a credit to the cash account and a debit to the commission expense account. You can classify the commission expense as part of the cost of goods sold, since it directly relates to the sale of goods or services...

Answered by parry8016
2

Explanation:

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