Question

commission received by cheque 300000​

Answer 1

Answer:

Commission A/c dr

Bank a/c

Step-by-step explanation:

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Answer 2

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Step-by-step explanation:

Commission is our income. Hence it will be credited.

Hence, the entry will be as follows:-

Bank a/c Dr. 3,00,000

To commission received a/c 3,00,000

(being commission received by cheque ₹3,00,000/-)

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