Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 1 - No. 49)
Which is included in the sales commission account?
A debit for sales commission payable.
The income from the sales.
The transfer of the credit balance for the sales commission to include in the calculation of profit.
A transfer of the debit balance for the sales commission to include in the calculation of profit.
Explanation
A debit for the sales commission payable is recognised, and a transfer of the credit balance for the sales commission to the income statement is also included.
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