ACCOUNTING I Dersi Merchandising Operations soru detayı:
SORU:
What do you know about " Value Added Tax (VAT) "?
CEVAP:
Taxes, such as Value Added Tax (VAT), are deducted from the amount of tax that the company should pay the government at the end of an accounting period. These types of recoverable amounts are not included in the cost of merchandise inventory, as companies benefit from those payments in terms of decreases in tax liability, not as sales revenue.