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sales tax

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › sales tax

  • This topic has 3 replies, 2 voices, and was last updated 2 years ago by mrjonbain.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • March 15, 2023 at 9:04 pm #681382
    Albert@24
    Participant
    • Topics: 2
    • Replies: 1
    • ☆

    Hi Greetings
    I need help understand so how can you find sales tax and gross amount if given net amount of $1980

    March 16, 2023 at 5:58 am #681389
    mrjonbain
    Moderator
    • Topics: 6
    • Replies: 2421
    • ☆☆☆☆☆

    Welcome to the Opentuition forums. May you please share additional question information. Without a tax rate being given or similar information (gross amount) I think it’s impossible to answer your question. You need two of the above pieces of information to find the third.

    March 16, 2023 at 5:22 pm #681424
    Albert@24
    Participant
    • Topics: 2
    • Replies: 1
    • ☆

    OK thank you i get it now as you need to information to find the third party

    April 8, 2023 at 9:45 am #682400
    mrjonbain
    Moderator
    • Topics: 6
    • Replies: 2421
    • ☆☆☆☆☆

    You are welcome.

  • Author
    Posts
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