[ACCAVNESE]

yes, I made a typo, it’s accrued for year end 28 Feb X7. My question is you need to book the double entry before 28 Feb X7 to close the book on time. How come you wait till 31 March X7 for the invoice in order to accrue back a transaction happened before that?

[ACCAVNESE]

hi, I’ve watched your videos. Thanks for reply. I think I get it.

After watching your videos, I understand that both use tax and sales tax are recorded to sales tax account which is a liability.

While before videos, I mistaken that use tax is recorded to input tax account – an asset GL, and sales tax is recorded to output tax account – a liability account.

[ACCAVNESE]

hi, how do I find your lectures on sales tax? I’ve clicked to your profile and couldnt find any videos. Sorry I’m new to opentuition

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