Sales tax…..explain your answerForums › ACCA Forums › ACCA FA Financial Accounting Forums › Sales tax…..explain your answerThis topic has 1 reply, 2 voices, and was last updated 12 years ago by Vipin .Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts April 25, 2012 at 6:39 pm #52366 queeenshanaMemberTopics: 25Replies: 20☆If Mr. B purchased “Alpha” worth $10,500 (inclusive tax) and sold Beta worth $20,000 (exclusive tax). Calculate the amount in the sales ledger. April 25, 2012 at 7:23 pm #96807 Vipin MemberTopics: 151Replies: 374☆☆☆☆taking 17.5% as sales tax %.tax on alpha is 10500*17.5/117.5=1564tax on beta is 20000*17.5%=3500dr sales tax 1564 cr sales tax 3500AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In