IGNOU MMPF 1 2025 2026 - Commission 5% on credit sales payable in the third month

Question

Commission 5% on credit sales payable in the third month

18 Dec 2025

Answer :

Word Count : 317

In the context of working capital management, a commission of 5% on credit sales payable in the third month affects both the cash flow and the accounts payable of a firm. When a company sells goods on credit, it generates accounts receivable, but the payment of commission to a salesperson creates a liability that must be settled in the future, in this case, in the third month. This introduces a

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