Sale taxForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Sale taxThis topic has 1 reply, 2 voices, and was last updated 8 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts April 27, 2016 at 2:17 am #312796 abrizni10MemberTopics: 55Replies: 49☆☆The Net selling price is the amount that the business wishes to achieve. Sir I don’t understand this mean? Can u pls explain? April 28, 2016 at 11:47 am #312928 John MoffatKeymasterTopics: 57Replies: 54547☆☆☆☆☆Have you watched the lectures on sales tax?The gross price includes sales tax, but the business cannot keep the tax – they pay it to the state. So all the business actually ends up with is the net selling price (excluding the sales tax).AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In