Are the sales taxes part of a retailer's sales?

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Question ajoutée par Altaf Bhoon ACA , Assistant Finance Manager , Atlantic Maritime Group FZE
Date de publication: 2014/12/09

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No, sales taxes (VAT) are not part of retailer`s sales.

par mohamed Hakim CMA CPA Candidate , Accounting Manager , Andersen saudi arabia

Sales taxes go to credit account directly to paid to taxes authority

Collected amount of sales taxes not included in company sales

For example when you sell goods with taxes10%

Debit

Accounts receivable by all amount.100000

Credit

Sales. 90000

Taxes on sales. 10000

par mohammed elkheniny , Financial Controller , DNM FOR SPINNING& WEAVING AND DYING

yes it is

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