John the owner of a small business provided you with the following information about commission income for the month of
Posted: Wed Mar 09, 2022 8:23 am
John the owner of a small business provided you with the
following information about commission income for the month of
June 2021:
At the beginning of the accounting period :$70,000
prepaid
At the end of the accounting period : $30,000
owing
Amount received during the accounting period : $165,000
Calculate the amount of commission income to be shown in the
statement of profit or loss .
A. 205,000
B.165,000
C.125,000
D.265,000
Clear explanation of answer needed
following information about commission income for the month of
June 2021:
At the beginning of the accounting period :$70,000
prepaid
At the end of the accounting period : $30,000
owing
Amount received during the accounting period : $165,000
Calculate the amount of commission income to be shown in the
statement of profit or loss .
A. 205,000
B.165,000
C.125,000
D.265,000
Clear explanation of answer needed