write the adjustment entry for managers commission on net profit
Answers
Answered by
0
Answer:
commission
adjustable entry for commi
Answered by
0
The manager's commision will be treated as an outstanding expense and it is shown as an expense at the debit side of profit and loss account and also as a current liability it will be shown in the balance sheet. Therefore, the adjustment entry for manager's commission will be as follows.
Similar questions
Social Sciences,
1 month ago
Math,
1 month ago
Science,
1 month ago
Math,
4 months ago
Social Sciences,
4 months ago