Sales tax

This topic has 1 reply, 2 voices, and was last updated 8 years ago by John Moffat.

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January 21, 2018 at 7:52 am #431770
suleymanabuzerli
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Hello,
?s Recoverable tax included in P/L statement as separate expense?
January 21, 2018 at 10:41 am #431796
John Moffat
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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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