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What else can I help you with?
Are sales receipts required by law?
Yes
How do you calculate sales tax using gross sales?
If I understand your question correctly you know what the Gross Receipts are and need to calculate the sales tax that is included. If that is the case this is how to do it. Gross Receipts - Gross Receipts divided by (1+ Tax Rate) if your tax rate is 5% and your gross receipts including tax are $1,050.00, divide $1,050.00 by 1.05. The result is your net receipts without tax. $1000.00 . Then $1050.00 -$1000.00 = $50.00 the sales tax
The cash receipts journal usually has special columns for the accounts that a business uses the most often in recording its cash receipts?
sales account sales account
What is gross and net receipts?
Gross receipts are the total of all sales with out the deduction of any expenses. Net receipts are the gross receipts minus returns, allowances and discounts.?æ
What is the effect on the sales forecast in operating a printing press and most sales is official receipts and sales invoices and your printing is not accredited to print and BIR issued the r?
A printing press, sales invoices and official sales receipts can endure a negative effect in sales forecasting if printing is not accredited to print. The BIR is firm on their new receipt policy which must be issued. If receipts are not accounted for, they cannot be properly reported.
The mean of fifty sales receipts is 58.35 and the standard deviation is 10.38 Using Chebyshev's theorem determine how many sales receipts were between 37.59 and 79.11 Points 2?
47.72 I guess
Tiffany and Company first day sales receipts were how much?
$4.98
In which country are Super Shopper Auto Sales based?
Super Shopper Auto Sales is a company based in the United States. This company sells cars, both used and new. It also sells motorcycles, mobile homes, and car accessories.
Receipts from cash sales of 9500 were recorded incorrectly in the cash receipts journal as 5900 What entry is required in the depositors accounts?
Another entry will be required in cash receipts journal with difference in recorded 4600(9500 - 5900).
What is gross sales tax?
gross sales tax is the tax you pay on total receipts/sales. basically you can't deduct any expenses before you pay the tax.
Why should sales receipts of cash from credit customers be recorded and posted immediately?
Sales to and receipts of cash should be recorded immediately to provide a clear overall business picture and allow positive business decisions to benefit of the company or business for that period.
What are the forms in quickbooks?
Quickbooks forms include sales receipts, purchase orders, invoices, statements, credit memos, estimates, and sales orders.
