Question

unexpired commission is which account​

Answer 1

Answer: The adjusting entry for the unexpired or prepaid expenses is :

Prepaid expenses A/c ...... Dr

To Expense A/c.

Explanation:

When the expense of the current accounting year is paid in advance or the unexpired expense of the next accounting year is paid in advance such part of expense is called " prepaid or unexpired expense".

Prepaid expenses are shown in trail balance therefore the adjusting entry will be shown in the balance sheet as a current asset.