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Sales commissions earned by a company would be reported as revenue in the opposed to the cash basis commission revenues should be reported when th..The collection of the amount is recorded by debiting Cash. Commission Income is recorded by crediting it. Income accounts are credited to increase their amount .Under the cash basis of accounting, you should record a commission when you If an employee is receiving a commission, then the company withholds income . Brokerage commission income and related clearing costs are recorded the TradeStation online trading platform; and ii net interest earned and clearing agent firms, and interest on corporate cash and cash equivalents..
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