5.6 Trade receivables and payables in the financial statements of a sales tax registered trader will appear as described by whic

Question

3 years ago

12

5.6 Trade receivables and payables in the financial statements of a sales tax registered trader will appear as described by whic

h of the following? A Inclusive of sales tax in the statement of financial position B Exclusive of sales tax in the statement of financial position C The sales tax is deducted and added to the sales tax account in the statement of financial position D Sales tax does not appear in the statement of financial position because the business simply acts as a collector on behalf of the tax authorities

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1 answer:

timofeeve [1] · Answer 1 · 2022-05-21T18:00:57+03:00

timofeeve [1]3 years ago

8 0

I believe it is a inclusive of sale tax