Question

commission received ​

Answer 1

Answer:

what??

broo make it clear!

Answer 2

Answer:

When a business firm receives any amount from any person in respect of any services rendered to help them for increasing the sale or helping in purchase of goods or relating to other business transaction, then this receipt will be treated as commission received.

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.

Explanation:

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