Refer to KVM company supplies goods to KOS company worth Php 7,200. KOS sells goods on behalf of the joint venture and realizes Php 5,000, KOS is entitled to a commission of 6% on sales. What should be the debit entry of KVM for the commission of KOS?

Answer rating: 100% (QA)

The debit entry for KVM for the commission of KOS should be recorded as an expense Here... View the full answer