Received Commission Of $20,000 By Cheque Half Of Which Is In Advance
Journal Entry For Commission Received Partially By Check And Partially Received In Advance We can either record two entries or a single combine entry. In both cases, the result is the same. Method 1 Firstly, we record the entry at the time when the Commission Received in full amount as shown below: Bank a/c $20,000 Commission Revenue a/c $20,000 (Commission Received By Cheque) The portion of Commission r...