Commission Received By Cheques / Checks Journal Entry

Commission received by cheque / check is recorded by debited Cash Account and credited to Commission Received Account as shown below:

                                                              Cash a/c  XXX

                                                                            Commission Received a/c  XXX

                                                          (Commission Received For Cash)

If cheque is deposited into bank then bank account is used instead of cash account as shown below:

                                                           Bank a/c  XXX

                                                                         Commission Received a/c  XXX

                                                      (Commission Received By Bank)