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A. Misbah purchased inventory for Rs.11700 that included 17% sales tax. How should Janifer record this purchase in its accounting equation? B. Misbah then sold
A. Misbah purchased inventory for Rs.11700 that included 17% sales tax. How should Janifer record this purchase in its accounting equation?
B. Misbah then sold half of these goods at Rs.8000 and charged the customers sales tax also @ 17%. How should this sale be recorded
C.How much sales tax should Misbah pay to government treasury while filing sales tax refund, or how much should it carry forward as excess of input tax over output tax for adjustment in next period
D. What is the most common reason for having a sales tax refund claim?
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