A summary of the transactions of ABC, who is registered for sales tax at 17.5%, shows the following for the month of Aug
Posted: Sun May 29, 2022 8:43 pm
A summary of the transactions of ABC, who is registered for
sales tax at 17.5%, shows the following for the month of August
2019: Outputs $60,000 (exclusive of tax) Inputs $40,286 (inclusive
of tax) At the beginning of the period ABC owed $3,400 to the
authorities, and during the period he has paid $2,600 to them. At
the end of the period the amount sales tax is: ______________
payable/receivable
sales tax at 17.5%, shows the following for the month of August
2019: Outputs $60,000 (exclusive of tax) Inputs $40,286 (inclusive
of tax) At the beginning of the period ABC owed $3,400 to the
authorities, and during the period he has paid $2,600 to them. At
the end of the period the amount sales tax is: ______________
payable/receivable