Question

Journal entry for Commission Charged by bank

Answer 1

Answer:

The journal entry will be;

Explanation:

Bank A/c Dr

To Commission Charged A/c

Answer 2

Answer:

Bank A/C Dr.

To Commission Charged A/C

Explanation:

In Commission Charged AC, the law of Nominal Account is Credit all incomes and gains.

In Bank Account, the law of Personal Account is Debit the Receiver.

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