Accountancy, asked by anishsijali321, 5 months ago

What is the journal entry of commission received 10000 with including advance 3000???

Answers

Answered by Mehaksaini100

Explanation:

Commission received in advance is unearned income. Unearned income is defined as income not due but recieved. Till the time, it accrue, this will be shown as liability in the balance sheet.

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