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What is is the difference between Commission Payable and Commission Receivable?
Commission Payable is Commission that you pay, Commission Receivable is Commission someone is paying you.
Is Commission a revenue or an expense?
if Commission is received then it is revenue but if commission is paid then it is expense, if commission is receivable then it is asset while if it is payable then it is liability.
What is accrued commission?
Accrued commission is commission that builds up over time. Commission is what you earn, usually a percentage, from a sale of something.
What is the journal entry for advanced commission?
If Advance Commission paid: [Debit] Prepaid Commission xxxx [Credit] Cash/Bank xxxx If advance commission received: [Debit] Cash/Bank xxxx [Credit]Unearned Commission xxxx
Is commission receivable a credit or debit?
commission receivable is credited
What is meant by commission date?
Commission date is generally referred to the date payments or commission is sent out.
Are you eligible for unemployment if you accept a commission job?
If you are seeking unemployment AFTER holding a "commission only" job, most likely not. If you get a "commission only" job after starting to receive unemployment, it depends on how much you earn (you have to report all income during the benefit period) compared to the benefit payments and whether your state allows this in the first place, as each state has its own regulations pertaining to benefits.
What is is the difference between Commission Payable and Commission Receivable?
Commission Payable is Commission that you pay, Commission Receivable is Commission someone is paying you.
If you are willing to make payments on a debt can a collection agency refuse the payments and continue to harass you?
A collection agency is not hired to get the amount paid in payments they are paid to get the amount in full. At this point the place you originally owed the money to and did not pay may or may not be willing to take payments being that they have now hired the collection agency to get the money from you. YOu can call the original creditor and tell them you are willing to pay and if they say no then you must pay the collection agency, I have never heard of any of them taking payments. When they get hired they try to collect as much as possible of the owed amount so they can get a higher commission. They dont want payments they want money in full....
What is statutory income?
Statutory income is income that is not part of the income from an hourly or salary job. Some types of statutory income are commission, lump sum payments for termination of a job, royalties and insurance bonuses.
What is straight salary?
Salary Plan a salesforce compensation method in which salespeople are paid a straight salary; a salary plan approach provides security and stability but may not provide the incentive associated with commission payments.
What are the 3 constitutional commission?
civil service commission, commission on election, commission on audit
Hindi what is tds?
TDS stands for Tax Deducted at Source. It is a type of tax that is deducted by an individual or an organization while making payments such as salary, rent, commission, etc. and is deposited with the government on behalf of the taxpayer.
What are the three constitutional commission in the Philippine constitution?
The Commission on Audit, the Civil Service Commission, and the Commission on Elections.
Do US insurance companies have to send a schedule for payments so that you can know how much you owe them a few months in advance?
This may be a matter that is regulated by the Insurance Commission of your individual states. Some may require it - others may not.
What is the sayman commission?
sayman commission
Is Commission a revenue or an expense?
if Commission is received then it is revenue but if commission is paid then it is expense, if commission is receivable then it is asset while if it is payable then it is liability.
