Commission Received In Advance Is A Nominal Or Real Or Personal Account
Commission Received In Advance Is A Representative Personal Account / Commission Received In Advance Is What Type Of Account Advance Commission / Unearned Commission or Commission Paid In Advance is not a nominal Account as it t he commissio n revenue received in advance or w hich is not earned b y the b usi ness b ut still th e services are not rendered during t he accou nting period. Commission received in advance is also not a real account as it is related wit h certai n natural or living persons. However, commissio n received i n advance is a Representative Personal Account as it s hows all of the clie nts from w hom the compa ny received commissio n in advance w hich is not actually earned b y the compa ny as still t he services are not rendered during t he accou nting period. So, Account title “Commission Received In Advance” is created t hat represe nts all of t he certai n persons from w hom the compa ny received commissio n in advance. So, commission recei...