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no there is now tax inculded for milatry when they buy a car overseas this isof coursea benefit to them and save money.
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Is the purchases returns included in the calculation of cost of sales?
Yes purchase returns are deducted from purchases to calculate the net amount of purchases and that's why included in cost of sales.
What is meant by the term carriage on sales?
Carriage on purchases is an expense incurred when the business delivers goods to their customers and it is not included in the amount of sales.
Do you have to pay sales tax on an item if you are on military duty and living overseas?
no u dont everything is tax free
If Sales is 8000 and Purchase is 4000 then what does it mean that 60 percent Sales and Purchases are for cash?
It means that 60% of sales and purchases are done on cash basis while 40% of purchases and sales are done on credit basis.
Do Export sales and overseas sales mean the same?
YES
Does a purchases journal record sales on account?
Purchase journal only records and deals in with purchases and don't deal with sales items.
How do you calculate a direct cost of sales in a business plan?
Cost of sales = opening stock + purchases-closing stock Cost of sales = opening stock + purchases-closing stock
How do you find purchases in profit and loss account?
Usually you find in P & L account the figure of "Cost of sales" ("COS") or "Cost of goods sold". This figure might include, inter-alia, purchases and other related expenses. First you have to add COS the closing stock and deduct the opening stock. If nothing else was included in COS, then the result will be net purchases. Otherwise, deduct all aditinal amounts included in COS to have the correct figure of purchases.
Sales tax chart for CA purchases?
what is the sales tax on a purchase of $264.00
Do I pay sales tax on a home purchase?
There is no sales tax on real estate purchases.
What is a direct cost of sales?
Direct cost of sales is that cost which directly identifiable with sales like purchases etc.
What is purchases journal is used for recording?
credit sales
