SALES TAX
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2010
IS SALES TAX IS A PART OF GROSS SALE.
IF ANY TRADER HAVE SALE 39,00,000 AND SALES TAX IS 200000 LAC. IS BALANCE SHEET COMES UNDER AUDITED BALANCE SHEET?
THANKS
IF ANY TRADER HAVE SALE 39,00,000 AND SALES TAX IS 200000 LAC. IS BALANCE SHEET COMES UNDER AUDITED BALANCE SHEET?
THANKS
12 August 2010
yes sales tax is part of gross sales
Taxable sales+sales tax=gross sales
Taxable sales+sales tax=gross sales
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2010
It means that BALANCE SHEET will considered as an Audited Balance sheet?
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