Accountancy, asked by chinni150, 1 year ago

commission received from ram (related to accounts)

Answers

Answered by sinchenlove
1
hey ur answer is here

commission received from ram is related to accounts bcoz while making accounting equations the column has to be made in assets
hope this will help uh
Answered by enormous010
2
Hi friend,
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Explanation :-

Here we see that , there are two types of A/c affected .

1. Cash/Bank A/c and
2. Commission A/c

So, as we all know the golden rules of accounts says. For Real A/c it state that 'what comes in debit ' and 'what goes out credit' . Here, we received commission from ram . So , for this transation , journal entry as follows :-


Cash/Bank A/c---------Dr. [ Amount ]
To Commission A/c [ Amount ]

( Being, commission received from ram ) ....i hope it helps you

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