Which of the following correctly describe the entry in the sales account for a sale for a sales tax registered trader?
A、Credited with the total of sales made, including sales tax
B、Debited with the total of sales made, including sales tax
C、Debited with the total of sales made, excluding sales tax
D、Credited with the total of sales made, excluding sales tax
A、Credited with the total of sales made, including sales tax
B、Debited with the total of sales made, including sales tax
C、Debited with the total of sales made, excluding sales tax
D、Credited with the total of sales made, excluding sales tax
【参考答案及解析】
The sales tax element of the invoices will go to the sales tax account in the statement of financial position.
The sales tax element of the invoices will go to the sales tax account in the statement of financial position.