• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

" Plus sales tax "

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › " Plus sales tax "

  • This topic has 2 replies, 3 voices, and was last updated 9 years ago by John Moffat.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • June 6, 2015 at 5:47 pm #254577
    Quốc Anh
    Participant
    • Topics: 41
    • Replies: 23
    • ☆☆

    I don’t know this phrase, because i meet it up many times in excercise and i am still vague…

    For instance, ‘ Micheal, a saler registered trader, sell goods on credit to Darren for $800 plus sales tax. Sales tax is charged at 20%

    is there true if the $800 plus sales tax means including taxes? or not it is a price net of sales tax?

    June 6, 2015 at 6:04 pm #254583
    Caroline
    Member
    • Topics: 0
    • Replies: 1
    • ☆

    I have a problem with this too..help please

    June 7, 2015 at 7:25 am #254662
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54656
    • ☆☆☆☆☆

    If the price is 800 plus tax, then it means 800 is net of tax. Tax will be added to the 800 and the full price will be higher.

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • eloisabraith on FA Chapter 6 Questions Depreciation
  • azubair on Optimal pricing – equations- ACCA Performance Management (PM)
  • Rajpoot on FA Chapter 5 Questions IAS 37 – Provisions, Contingent Liabilities and Contingent Assets
  • bizuayehuy on Foreign exchange risk management (1) Part 1 – ACCA (AFM) lectures
  • effy.sithole@gmail.com on IASB Conceptual Framework – Introduction – ACCA Financial Reporting (FR)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in