The managerial commission is classified as .

asset

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liability

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income

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expense

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Solution

The correct option is D expense
Managerial commission is considered as an expense for the business entity.

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Similar questions

The managerial commission is classified as:

While doing the adjustment entry for the managerial commission, which account shall be credited?

The effect of the adjustment entry of managerial commission payable on the asset side of the balance sheet is :

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