State about the reporting sales taxes collected, Accounting Basics

Assignment Help:

State about the Reporting sales taxes collected

SALES TAX PAYABLE - CREDIT BALANCE

SALES RETURNS INVOLVING A SALES TAX

Tax should also be returned to the customer.

 


Related Discussions:- State about the reporting sales taxes collected

What is an accrual?, Accrual basis of accounting means that the costs or re...

Accrual basis of accounting means that the costs or revenues of events are renowned in the period in which they happens; by the cash flows may take place in another accounting peri

Company law, I want a company law assignment

I want a company law assignment

Accounting concept., what is implication wrongly application of accounting ...

what is implication wrongly application of accounting concept#

What is invoice, Q. What is invoice? An invoice is a document prepared ...

Q. What is invoice? An invoice is a document prepared by the seller of merchandise as well as sent to the buyer. The invoice contains the details of a sale such like the number

Define non-operating revenues, Q. Define Non-operating revenues? Non-op...

Q. Define Non-operating revenues? Non-operating revenues or other revenues and non-operating expenses or other expenses are revenues and expenses not related to the sale of pro

Journal entry, What are the golden rule of accounting how to pass journal e...

What are the golden rule of accounting how to pass journal entry when strating bussines what

How is a journal entry recorded?, Journal Entries are recorded on a double ...

Journal Entries are recorded on a double entry system like debit and credit concept. In order to record a journal entry the following steps require to be followed. ? Enter the J

statistical test , A high school counselor needs to show whether the teena...

A high school counselor needs to show whether the teenage pregnancy rate at her school is disimilar from the rate nationwide. She knows that the rate nationwide is 15 %. She random

Enumerate about the income summary account, INCOME SUMMARY ACCOUNT This...

INCOME SUMMARY ACCOUNT This is a temporary account which used to summarize the balances of temporary revenue and expense accounts. This is also known as a clearing account. The

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd