Question
A State requires merchants to report and transmit sales tax within 70days of the end of each quarter in which sales occur, the following relating
A State requires merchants to report and transmit sales tax within 70days of the end of each quarter in which sales occur, the following relating to sales taxes on sales of,2019 and 2020 ;
| Quarter in which sales occurred | Sales taxes on sales |
| Last quarter of 2019 | 10,000 |
| First quarter , 2020 | 20,000 |
| Second quarter ,2020 | 30,000 |
| Third quarter ,2020 | 40,000 |
| Last quarters ,2020 | 50,000 |
Required :
Answer the following under both modified and full accrual basis
|
| Modified accrual basis | Full accrual basis |
| ||
| ||
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Auditing Your Information Systems And IT Infrastructure Practical Audit Programs Checklists For Internal Auditors
Authors: Nwabueze Ohia
1st Edition
1973136260, 978-1973136262
