Question

Commission received in cash

Answer 1

Answer:

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 related to the sale of goods or services..

hope it will help you ☺️☺️

Answer 2

Cash a/c dr.
To commission received a/c