Question

Commission payable journal entry

Answer 1

Answer:

commission A/c dr

to cash A/C

Explanation:

because of we are paying commission in cash

Answer 2

Commission paid  journal entry

Explanation:

                                  Books of (----Limited)

                                      Journal Entry

Date         Account Title and Explanation       Debit   Credit

                   Commission                     A/c Dr.     xxx              

                      To Cash / Bank              A/c Dr.                   xxx

                   (Being commission paid from cash or bank)

Note: Commission payable is an expense for business so, commission payable will be debit.

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