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Posting commission in a sales invoice
03-23-2011, 11:00 PM,
#6
 
You can do this
When you pay commision
Dr Commision
Cr Cash
At the end of the financial year, close the commision account and transfer it to Statement of comprehensive income(Income statement) by decreasing sales. At year end, the entry will be
Dr Sales
Cr Commision
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Messages In This Thread
Posting commission in a sales invoice - by Bijith - 03-23-2011, 04:48 PM
[No subject] - by Dard - 03-23-2011, 05:22 PM
[No subject] - by Bijith - 03-23-2011, 06:54 PM
[No subject] - by Dard - 03-23-2011, 08:42 PM
[No subject] - by Bijith - 03-23-2011, 10:40 PM
[No subject] - by Dard - 03-23-2011, 11:00 PM
[No subject] - by ejazmuhammad571@yahoo.com - 04-14-2011, 09:04 PM
[No subject] - by bilalfca - 04-19-2011, 10:22 PM
[No subject] - by Dard - 04-20-2011, 01:17 AM
[No subject] - by bilalfca - 04-20-2011, 03:44 AM
[No subject] - by bilalfca - 04-20-2011, 03:49 AM
[No subject] - by Dard - 04-20-2011, 05:44 PM
[No subject] - by basit_namdar - 04-20-2011, 06:43 PM
[No subject] - by bilalfca - 04-20-2011, 09:57 PM

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