Ask Experts Questions for FREE Help !
Ask
    accountinggirl's Avatar
    accountinggirl Posts: 1, Reputation: 1
    New Member
     
    #1

    Nov 8, 2006, 08:56 AM
    Sales Commissions
    What general ledger accounts do I Debit & Credit when I book an entry for employee sales commissions?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
     
    #2

    Nov 10, 2006, 10:20 PM
    Dr. Employee's Commissions (or a similar account name)
    Cr. Accounts Payable


    Then when you actually pay them,

    Dr. Accounts Payable
    Cr. Cash

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Outside sales? [ 2 Answers ]

[ok here's my question, I have checked out many sales poss. However I find most of them ,quite fake, and very dishonest. Can anybody tell me about the company called FULLER BRUSH COMPANY? ARE THEY EAZY TO SELL? BRAD

Amortizing Sales Commissions from previous years [ 3 Answers ]

I work for a small company in sales and I am paid a base and commission. In 2004, I was only paid commissions for only the commissions I earned in first half of the year. I was not paid any commissions in 2005. The company -- like most small companies -- was running on a wing and a prayer, but we...

Sales tax id#? [ 2 Answers ]

I am in the process of opening an embroidery business operating from my home. I need to purchase clothing, blankets, hats, etc to have on hand as samples. I was told by the vendors that I need a sales tax id number?? or a resale tax id number?? I might be talking about 2 different tax id...

ISP sales [ 6 Answers ]

I am entering into ISP sales with some sales experience, but in other areas, does anyone have any good websites or books that they know about on this subject? It would be appreciated! :)

Sales tax [ 1 Answers ]

I just had a remote starter installed on my vehicle, should the dealership have charged me sales tax (OHIO) on the labor or only on the merchandise?


View more questions Search