04-14-2011, 09:04 PM
as i understand in software we must book sale invoice as credit sale alongwith commission paid amount so entry will be-
let suppose
ABC (Dr)Rs1900
Commission Allowed(DR)Rs 100
to Sale Account (Cr) Rs 2000
________ _______
2000 2000
if you did not post the commission at the time of sale on cash and now just want to post commission on sale of Rs. 100 the the entry will be-
Commission Allowed Dr Rs 100
to Cash or bank(Cr)Rs 100
Commission paid to ABC on Inv NO......dt....
IF THERE IS ANY MISTAKE I WILL APPRECIATE TO CORRECT ME TOO. THANKS
let suppose
ABC (Dr)Rs1900
Commission Allowed(DR)Rs 100
to Sale Account (Cr) Rs 2000
________ _______
2000 2000
if you did not post the commission at the time of sale on cash and now just want to post commission on sale of Rs. 100 the the entry will be-
Commission Allowed Dr Rs 100
to Cash or bank(Cr)Rs 100
Commission paid to ABC on Inv NO......dt....
IF THERE IS ANY MISTAKE I WILL APPRECIATE TO CORRECT ME TOO. THANKS