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sales tax

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › sales tax

  • This topic has 3 replies, 3 voices, and was last updated 12 years ago by Sangria9.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • June 2, 2012 at 5:12 pm #53048
    simz
    Member
    • Topics: 2
    • Replies: 4
    • ☆

    so ill make this quick.. after calculating input and output tax
    so.
    input tax $ 1200
    output tax $2000
    what is the balance at the year end?
    A: $800 debit
    B:$800 credit
    option c and d are just 200% wrong…

    June 3, 2012 at 2:52 pm #99076
    simz
    Member
    • Topics: 2
    • Replies: 4
    • ☆

    nice community…dead as……
    prob solved nvm
    close this thread

    June 3, 2012 at 3:07 pm #99077
    Vipin
    Member
    • Topics: 151
    • Replies: 374
    • ☆☆☆☆

    some posts are answered after weeks, but usually someone would answer it.

    June 5, 2012 at 4:12 pm #99078
    Sangria9
    Member
    • Topics: 25
    • Replies: 285
    • ☆☆☆

    Input tax goes to Dr side, output tax goes to Cr side.
    Answer B $800 credit.

    Just 3 days 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
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