Forums›ACCA Forums›Sales tax.....explain your answerACCA ForumsFASales tax.....explain your answerQqueeenshana14y agoIf Mr. B purchased "Alpha" worth $10,500 (inclusive tax) and sold Beta worth $20,000 (exclusive tax). Calculate the amount in the sales ledger.VVipin14y ago#1taking 17.5% as sales tax %. tax on alpha is 10500*17.5/117.5=1564 tax on beta is 20000*17.5%=3500 dr sales tax 1564 cr sales tax 3500Sign into reply to this topic.
Qqueeenshana14y agoIf Mr. B purchased "Alpha" worth $10,500 (inclusive tax) and sold Beta worth $20,000 (exclusive tax). Calculate the amount in the sales ledger.
VVipin14y ago#1taking 17.5% as sales tax %. tax on alpha is 10500*17.5/117.5=1564 tax on beta is 20000*17.5%=3500 dr sales tax 1564 cr sales tax 3500
