Question

received as commission rs. 400 journal entry​

Answer 1

Answer:

cash account dr

To commission account

Explanation:

because according to golden rules of accountancy . commission belongs to NOMINAL account.the rule of nominal account is , debit all expenses and losses and credit all incomes and gains (here we are receiving commission so it comes to credit and cash we are receiving .cash is a real account . debit what comes in ).

Answer 2

Explanation:

Cash a/c Dr. 400

To Commission a/c 400

(Being received commission)