Question

paid commission- journal entry​

Answer 1

Answer: commission A/C Dr.

To cash A/C

Explanation: commission is an expense so it is debited and "credit what goes out " so cash is credited here.

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Answer 2

Commission paid entry

Explanation:

                            Books of (---limited)

                               Journal entries

                                   as on (-----)                                            

Date     Account Title and Explanation       Debit     Credit

              Commission paid            A\c  Dr.     xxx

               To Cash \ Bank               A\c                            xxx

  (Being Commission paid in cheque or cash)

⇒ Commission paid is an expenditure for business and all expenditure must be debited according to Journal entry rule.

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