BRANCH HOUSES. GG5 



the part of the agent to make large sales, and partly to show their 



appreciation of his hard work. When this is done, the commission thin 



allowed may be charged to any one of the three following accounts, viz. : 



nts' Commission, Merchandise, or Travelling Expenses, and credited 



either to the ;i Cent's personal account or to his ' Agent account." The 



better way. perhaps, is to open an "Agents' Commission account" in the 



;ger, and at the end of each month make an entry on the Journal 



s: " Agents' Commission Dr. to Sundries/' and under this heading 



r the names of all the agents to whom we pay commission on sales, 



crediting either their " Agent accounts " or their personal accounts for the 



commission due them, and debiting the " Agents' Commission account " 



for the total amount. 



O. Fifth M<'fh'.n1. There are a few business houses who do not pay 

 their agents a regular salary, but simply pay them a certain per cent. 

 commission on the sales they make, allowing the agents to defray their 

 , expenses. When this is done, the commission thus allowed may be 

 charged to any one of the three accounts as described in Fourth Method, 

 and credited at the end of each month directly to the agent's pers 

 'i nt. This is a method seldom used in business, as there are but few 

 S who are willing to engage with a house on such terms. 

 I. Thus it will be .seen that the "Agent accounts" are alway> 

 balanced at the end of each month, and carried either into the Travelling 

 s account or into the JHTXIUCII account of the agent direct, con- 

 .ently, these Agent accounts are simply transient, and remain open 

 only a month at a time. However, there are a lew except ion> to this 

 rule, in which the accounts are dosed only at the end of the \var- the^e 

 ptiona occurring usually under the First Method. When the M A^'nt 

 ints" are closed only at the end of the year, they are then carried 

 veiling K\pen>,-s account, and show the amount expended by 

 cadi . the entire year in one entry. 



rlrl^. The travelling ajvnN personal accounts are of course credi; 

 their salaries at the end of each month, the same as t: .nts with our 



r employe's, and then-after treated the van:- fcfl any oti -nal 



account. )*.) 



BEANCB BOUS1 



1) ; for all merchandise III a8. Credit for all merchandise 



in our I unt. 



. I! 



>ds. 



