commission due but not paid journal entry
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Answer:
Journal entry for accrued income recognizes the accounting rule of “Debit the increase in assets” (modern rules of accounting). Examples of accrued income – Interest on investment earned but not received, rent earned but not collected, commission due but not received, etc.
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Answer:
accrued commission a/c Dr
To commission a/c
Explanation:
because commission is not received
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