The profit of a business at the end of the year is ₹ 3,30,000 and th – InterviewSolution

1.

The profit of a business at the end of the year is ₹ 3,30,000 and the manager is to be paid 10 % commission. Pass adjustment entry.

Answer»

Adjustment Entry :

Date	Particulars	L.F.	Debit ₹	Credit ₹
	Manager Commission A/c Dr To Outstanding Commission A/c (Being the adjustment entry for commission of manager on profit.)		33,000	33,000

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