Syllabus D1
Accounting for Sales Tax
a) Record sale and purchase transactions in ledger accounts.
b) Understand and record sales and purchase returns.
c) Understand the general principles of the operation of a sales tax.
d) Calculate sales tax on transactions and record the consequent accounting entries.
e) Account for discounts allowed
f) Account for discounts received
Input vs Output tax
1:21
Accounting entries for sales tax
3:10
Irrecoverable sales tax
3:26
Calculating sales tax paid
2:50
Mock exam 1 Q24
1:31
Mock exam 1 Q27
1:37
Mock exam 1 Q29
0:37
Mock exam 2 Q14
1:34
Syllabus D1CBE Questions
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D2. Cash
2 week revision course
Day 4. Recording Transactions 1