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Sales tax

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

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September 25, 2024 at 5:01 am #711736
Botsane
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Sales tax account is debited with output tax?
September 25, 2024 at 5:46 pm #711752
John Moffat
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No. Output tax is the tax charged to customers on sales and is credited to the sales tax account.
Have you not watched my free lectures on this? 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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