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RT
Question Practice

How are sales tax amounts treated in the Sales Journal?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Recording of Transactions - II
Question Bank

How are sales tax amounts trea...

Single Answer MCQ
Q-00054037

How are sales tax amounts treated in the Sales Journal?

1

Included in sales amount

2

Recorded separately to expenses

3

Ignored completely

4

Posted to the Cash Book only

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What happens to the contra entries when posting from the cash book to the ledger?

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Q4.

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