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Sales tax

SSuleyman8y ago
Hello, ?s Recoverable tax included in P/L statement as separate expense?
John MoffatJohn MoffatTutor8y ago#1
If it recoverable then it is not an expense and therefore does not appear in the Statement of Profit or Loss. Please watch my free lectures on sales tax.The lectures are a complete free course for Paper F3 and cover everything needed to pass the exam well.
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