Accountancy, asked by Vishalagnii7487, 8 months ago

Commission due but not recieved

Answers

Answered by swethiiimiriyala

Answer:

it is called as commission receivable

Explanation:

Since this amount is convertible to cash on a future date, it is considered an asset. On a balance sheet, commission receivable is considered a current asset, since it is usually convertible into cash in less than one year.

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