Clifford Company has just billed a customer for ($ 1,100), an amount that includes an eight percent
Question:
Clifford Company has just billed a customer for \(\$ 1,100\), an amount that includes an eight percent excise tax and a two percent state sales tax.
a. What amount of revenue is recorded?
b. Prepare a general journal entry to record the transaction on the books of Clifford Company.
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Pramendra Kumar Singh
To be very honest, i have only a little experience regarding tutoring, that too was "applied" on my brother.
But regarding education, I am a confident man, just like John Wick. I obtained the highest possible CGPA in class 10th i.e 10CGPA. I was good at all the subjects, but my love for English, Social Studies and Mathematics were on a whole different level.
So for the above mentioned reason, i went for Mathematics for higher studies. Physics became my new love. And then, I ended up cracking JEE Mains, but couldn't go through Advanced. I gave a thought of taking a drop for a year, but my family situation was a bit shaky and a middle class boy couldnt afford to take the so-called "extreme risks".
Thus I gave a state level examination of Chhattisgarh state, where i live(btw). I obtained a rank of 274 out some lakhs (that was a relief back then). So, eventually i got admission into a good college (some say, topmost in our state).
But i, belonging to a class of kids who were brought up with 'being humble' as a centre of their principles, i worked hard. I still am. Electrical engineering, tough nut to crack. But Grind is the other name of Life. So i am still one of you students, working hard, having patience and also, trying to earn some money side-by-side to be free from always asking my parents for money. Believe me, after a certain age, u all will also feel the same way. In my case, i am slowly and steadily becoming allergic to asking for economic help, not atleast for my petrol and other daily expenses.
Also, you may find me using puns ans SARCASM a lot. Thats who i am. I joke a lot. I keep things simple. And, i am a man of 'wisdom' too. So i might employ some of my counselling skills with you too.
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