Salary to agent where it will enter
Answers!
Since agent is not an employee,it is actually Commission Expense
Entry will be
Comission Exp Dr
To Party
Party Dr
To Bank
Commission is under Indirect Expenses,party(agent) is a sundry creditor
Bank is under Bank Account
Also TDS may be applicable on this commission.Learn more here
Comment
Answer the question...
Since agent is not an employee,it is actually Commission Expense
Entry will be
Comission Exp Dr
To Party
Party Dr
To Bank
Commission is under Indirect Expenses,party(agent) is a sundry creditor
Bank is under Bank Account
Also TDS may be applicable on this commission.Learn more here
Comment