Difference between revisions of "Sales Tax Payable"

From CNM Wiki
Jump to: navigation, search
(Related coursework)
 
(One intermediate revision by the same user not shown)
Line 1: Line 1:
[[Sales Tax Payable account]] is an account in the general ledger that accumulates the amount of sales tax owed. It has a credit balance.
+
[[Sales Tax Payable]] (alternatively known as [[Sales Tax Payable account]]) is a [[financial account]] in the [[ledger]] that accumulates the amount of sales tax owed. It has a credit balance.
  
  
Line 9: Line 9:
 
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
 
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
  
==Related coursework==
+
==Related lectures==
 
*[[Principles of Accounting]].  
 
*[[Principles of Accounting]].  
  
[[Category: Accounting]][[Category: Articles]]
+
[[Category: International Accounting]][[Category: Articles]]

Latest revision as of 23:58, 4 January 2019

Sales Tax Payable (alternatively known as Sales Tax Payable account) is a financial account in the ledger that accumulates the amount of sales tax owed. It has a credit balance.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Sales Tax Payable account. An account in the general ledger that accumulates the amount of sales tax owed. It has a credit balance.

Related concepts

Related lectures