sales tax

This topic has 3 replies, 3 voices, and was last updated 14 years ago by Sangria9.

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June 2, 2012 at 5:12 pm #53048
simz
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- 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
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- Topics: 151
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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: 282
Input tax goes to Dr side, output tax goes to Cr side.
Answer B $800 credit.

Just 3 days 🙂
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