TU USI Creuil What goes out)
20,000
Example 2 :- Received 5,000 for Commission. In this case the two accounts
being affected are Commission A/c and Cash Alc. Commission A/c is a nominal
account and represents an income. As such, Commission A/c will be credited
according to the rule of “Credit the incomes" Cash A/c is a real account and as Cash
is coming in, therefore Cash A/c will be debited according to the rule of “Debit what
comes in". Entry will be : -
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