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Refer to KVM company supplies goods to KOS company worth Php 7,200. KOS sells goods on behalf of the joint venture and realizes Php 5,000,
Refer to KVM company supplies goods to KOS company worth Php 7,200. KOS sells goods on behalf of the joint venture and realizes Php 5,000, KOS is entitled to a commission of 6% on sales. What should be the debit entry of KVM for the commission of KOS?
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The debit entry for KVM for the commission of KOS should be recorded as an expense Here...
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
