【单选题】Under Ad valorem method, tax payable amount= sales amount of taxable goods× applicable tax rate.(1) Sales the volume is amount that taxpayer received all consideration and additional charges while sel...
【单选题】In the quarter ended 31 March 20X2, C had sales taxable outputs, net of sales tax, of $90,000 and taxable inputs, net of sales tax, of $72.000.If the rate of sales tax is 10%, how much sales tax is du...
【单选题】Tom is not registered for sales tax purposes. She has recently received an invoice for goods for resale which cost $600 before sales tax, which is levied at 15%. The total value was therefore $690. Wh...
A.
Dr Purchases $600, Dr Sales tax $90, Cr Payable $690
B.
Dr Purchases $690, Cr Sales tax $90, Cr Payable $600