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Question: on Sept 6. Sold a house to brendan hue and collected a $11,000 commission. Is this a correct entry for this transaction? date Accounts
Question: on Sept 6. Sold a house to brendan hue and collected a $11,000 commission. Is this a correct entry for this transaction?
| date | Accounts Titles and description | PR | DR | CR | |
|---|---|---|---|---|---|
| 201x Sept 6 | Cash | 111 | 11000 | ||
| Commission earned | 411 | 11000 | |||
| (cash earned for selling a house) | |||||
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Information Technology And Insights Audit Controls Bringing A Vision And Understanding To Effective Practices
Authors: R. Allen Conner
1st Edition
1720081883, 978-1720081883
