Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 12 - No. 36)
Other income earned by a business will require a double entry in an asset account. How can the business's income be recorded?
A business may use interest income, commissions from holidays staff sales, sales of products.
Commissions will usually be paid as a percentage of the price of each product sold to encourage the business to sell more.
For example, travel agencies will often earn commissions from holidays companies.
All of the above.
Explanation
All of the options are correct.
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