On 31st December,2009 details extracted from Khetia’s Ltd. showed commission received for the year as Kshs. 60,000. Commission received in advance by 1^st January,2009 was Kshs.12,000. Whereas...

On 31^st December,2009 details extracted from Khetia’s Ltd. showed commission received for the
year as Kshs. 60,000. Commission received in advance by 1^st January,2009 was Kshs.12,000.
Whereas commission received in advance as at 31^st December, 2009 was Kshs. 24,000.
Determine the commission income for the year 2009 that is posted to the profit and loss account

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Kavungya answered the question on April 3, 2019 at 13:11

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