Posting commission in a sales invoice

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Posting commission in a sales invoice

Dard
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Posting Freak

Posts: 876
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03-23-2011, 11:00 PM

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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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