Accountancy, asked by guptaaaryan23patmwh, 4 months ago

On which side of Profit & Loss A/C is commission placed if it is in the debit side of the trial balance?

Answers

Answered by 182017

Answer:

Commission received in advance is unearned income. Unearned income is defined as income not due but recieved. Till the time, it accrue, this will be shown as liability in the balance sheet.

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