Multiple choice

What will be the correct entry for commission received of Rs. 500?

  1. Debit Cash account and credit bank account

  2. Debit bank account and credit cash account

  3. Debit Commission account and credit cash account

  4. Debit cash account and credit sales account

  5. Debit Cash account and credit commission received account with Rs. 500
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

Cash comes in, so cash account is credited. Commission is an item of income, so it will be credited.

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