1.

Jaornal entries for commision recieved in advance rs.5000

Answer»

Hello!!

_______________________________________

The journal entry for " Commission received in ADVANCE RS 5000" will be :-

Commission ACCOUT. DR 5000
To Commission received in advance 5000
( Commission received in advance)
_______________________________________

since, advance received income is liability and it is increading, and we know that when there is increase in liability, it ll be credited.

______________________________________
☺️☺️☺️☺️



Discussion

No Comment Found

Related InterviewSolutions