Law Notes

List of Sales Tax Record, Payments Receipts and Documents in Law

List of Sales Tax Record

List of Sales Tax Record, the record of Purchases and Imports should indicate the following details of goods purchased or received or services hired: Description; Quantity; Value; Name, address and registration number of the supplier, Amount of tax paid on purchases. Record of Payment Receipts All payment so receipts of amount of sales tax on …

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Record of Sales in Law, Advantages & Disadvantages, Types, Importance

Record of Sales in Law, Advantages & Disadvantages, Types, Importance

Record of Sales in Law, Sales Invoices are source documents that provide a record for each sale. Sales Revenues equal the selling price of all products that are sold. In accordance with the revenue recognition principle, sales revenue is recognized when a customer receives title to the merchandise, regardless of when the money changes hands. …

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