Hi everybody ! kindly, help me journalizing the following entry !
Our client is an service provider, and earns money on commission basis.
He had opening balance of 10000 rs. Now, this year he gets money for the last year's services.
"if i try to pass entry like cash a/c dr to commission a/c then the amout has to be deducted as well from the debtors right! so, if i pass cash a/c dr to su. debtors a/c then the commission received will not appear in credit side of p&l a/c. Hence, what entry is right ! " especially, if i have to pass entries in tally. thanx
CAclubindia
