Hi!!!!!!
Adjustment : commission received in advance:1200.
Whereas commission is 2800. What is the answer......
It is an adjustment....
Where we have to write it in balance sheet?????
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we write it as commission received in advance as a liability in the balance sheet as 1200
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HEY...........
U R ANS..........
COMMISION RECIEVED IN ADVANCE IS A LIABILITY OF BUSINESS..
WHEREAS IT IS WRITTEN IN LIABILITY SIDE OF BALANCE SHEET....
MAYBE IT HELPS 4U.........
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