Commission Income
Code: 4860
👁 Views: 64
Account Information
| Financial Statement | Income Statement |
| Normal Balance | Credit |
Definition
Commissions received as an intermediary or commercial agent for services rendered.
📐 IFRS vs US GAAP Accounting Treatment
IFRS
IFRS 15
Revenue from Contracts with Customers
US GAAP
ASC 606
Revenue from Contracts with Customers
❓ Frequently Asked Questions
Q: What is commission income?
A: Commissions received as an intermediary or commercial agent for services rendered.