Millionaire Mode

Journal Entries

Question 1 of 12

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

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000