Question

Recieved commission ₹25000 and half od which is in advance

Answer 1

cash A/c. Dr. 12500
commission received in advance A/c. Dr. 12500
To(vendor/ person name) A/c. 25000

Answer 2

When commission is received : Cash A/C. Dr. Rs.25,000     To Commission A/C.  Rs.25,000 (Being commission received) At the time of transfer to Profit and Loss A/C : Commission A/C.  Dr Rs.25,000      To P&L A/C. Rs.25,000 (Being commission transferred to P&L A/C ) For the advance Amount received : Commission A/C. Dr Rs. 17,500     To Advance Commission A/C. Rs.17,500 (Being Advance commission treated as liability )