Accountancy, asked by panav4944, 1 year ago

in which side sales tax payable is written

Answers

Answered by sachinarora2001
0
In preparation of trading and profit and loss account, sales tax payable is written on debit side of the profit and loss account. But it is only when it is written in trial balance.

If sales tax payable is written in adjustment then it is deducted from sales and show in credit side of balance sheet...

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