Question

journal entry of received commission​

Answer 1

Answer:cash A/C Dr.

To commission received A/C

Explanation:

Commission is an income so it is credited and cash is debited because of the rule debit what comes in.

PLZ mark it as BRAINLIST

Answer 2

Journal entry

Explanation:

                                  Books of (----Limited)

                                      Journal Entry

Date         Account Title and Explanation       Debit   Credit

               Cash / Bank                          A/c Dr.     xxx

                To Commission received A/c                         xxx

                            (Being commission received)

Note: Commission received is a gain , all gain must be credited

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