Syllabus D1
Accounting for Sales Tax 6 / 11
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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