is commission received is capital revenue??
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This amount received in such way shall be treated as 'Commission Received'. 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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capital receipts don't affect the profit or loss of the business; for example, we can say that the sale of long-term assets is one sort of capital receipts. ... As an example, we can say that the sale of products, the commission received, etc. are revenue receipts.
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