Accountancy, asked by maithilipawar344, 1 month ago

commission recived effect on profit and loss account

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Answered by mousami80

Answer:

The commission received will be shown in income side of profit and loss account since it is a revenue income. Note:- Commission receivable account will be shown in assets side of balance sheet.

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commission recived effect on profit and loss account ​

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commission recived effect on profit and loss account