Question

if there are two diffirent entries in journal entries - commision received and commision paid. At the time of ledger prepararation do we prepare one single ledger for commisions or two different ledgers for commision received and commision paid.

Answer 1

Dear Student, both (i.e. commission received and commission paid) are different from each other. Commission received is the income of the business and commission paid is an expenses.
Therefore, separate ledger accounts are to be prepared for both of them.