I was interested in tax returns and I am unsure if I get it. I worked in an auditing firm and I was an accounts, I failed to understand what it is, tax returns, for instance, taxes that our office collects let’s say was $70,000 on November, and taxes that our office pays to other provider of services and goods was $10,000. How much do the office claims / pays Tax authority? Would you please explain to me with example, input tax and output tax, because even though I thoroughly read their definition I still don’t get it. Thanks
Viewing 1 post (of 1 total)
You must be logged in to reply to this topic.
OpenTuition is dedicated to providing all accountancy students throughout the world with the resources they need to study for the major accountancy … Learn more