Sales Commissions
Code: 5243
👁 Views: 172
Account Information
| Financial Statement | Income Statement |
| Normal Balance | Debit |
Definition
Commissions paid to sales staff or commercial agents for achieving sales.
📐 IFRS vs US GAAP Accounting Treatment
IFRS
IAS 38
Intangible Assets
US GAAP
ASC 720
Other Expenses
❓ Frequently Asked Questions
Q: How are sales commissions recorded?
A: When accrued: Dr. Sales Commissions, Cr. Salaries Payable or Bank.