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Accountancy
height height Jan 18, 2021

The manager .of a firm does not want to show Commission recieved of Rs 1,20,000in the books of Accountto avoid a high rate in come tax but theProprietor the firm in sisted that it shouldbe record in the bookswhere will it be recorded in ledger. ‚Äč

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Answer:

commission received show on credit side of profit and loss account

commission received is income of our business

Commission account.

Dr cr

Date particulars amt date particulars amt

by cash

120000

profit & loss 120000

total. 120000. 120000

Trial Balance

particulars. Dr. cr

commission. 120000

434
John John
Jan 18, 2021
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