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Does sales commission get reported in the income statement?

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تم إضافة السؤال من قبل Yazan Ahmad , programmer , wysada
تاريخ النشر: 2017/01/11
Abdul Rahim Mohammad Ishtiaq
من قبل Abdul Rahim Mohammad Ishtiaq , Office Manager , Sada International Real Estate Dev. Co.

Its  a revenue of the company

 

Abdullah Aziz Eldain Morsi  Elgendy -        CMA  Candidate
من قبل Abdullah Aziz Eldain Morsi Elgendy - CMA Candidate , Regional Receivable Accountant , Amiantit Group of Companies

will be  reported as revenue  when not the main active of the company ,and can be GNA expense when  being the main activity

Soliman Abd  ALmalak Gendy
من قبل Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

Under the accrual basis of accounting commission revenue should be reported when the company earns the commission. *The commission revenus would be reported as operating revenue. *Commission expenses would be reported as a selling expense along with other operating expenses when they are related to the company,s main activities..

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Sales commissions earned by a company would be reported as revenue in the company's income statement. ... Commission expense would be reported as a selling expense along with other operating expenses when they are related to the company's main activities.

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