E-commerce
Revenue Recognition: Acting as Agent (Net)
Recording revenue for a marketplace sale where the company only keeps a commission (Net Basis).
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Receivable | Asset (+) | 100.00 | - |
| Payable to Third-Party Vendor | Liability (+) | - | 85.00 |
| Commission Revenue | Revenue (+) | - | 15.00 |
💡 Accountant's Note
If you don't control the goods and aren't responsible for fulfillment, you are an 'Agent.' You must only record your fee ($15) as revenue, not the total transaction value ($100).
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