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sales tax

Bbeti6y ago
is sales tax a capital or a revenue expense?
John MoffatJohn MoffatTutor6y ago#1
Assuming that the business is registered for sales tax, then it is not an expense of any sort!! You must watch my free lectures on this.
MMaya6y ago#2
Q1.purchase of goods for 10000 plus 15 percentage sales tax... D1. 1500/= is the sales tax that should be paid by the trader to the government,then for which price does the trader sell the goods to the customer? 10000 or 11500/=
John MoffatJohn MoffatTutor6y ago#3
11,500. I really do suggest that you watch my free lectures on sales tax. The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.
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