Should I credit sales tax on uncollectible receivables?
July 14th, 2009 | by x9a6a3sw |
robertspraguejr asked:
When calculating sales tax on your sales, is it proper to deduct for uncollectible accounts receivable the way we can on income tax? I’m talking about when the debt has already been written off.
Jonathan
When calculating sales tax on your sales, is it proper to deduct for uncollectible accounts receivable the way we can on income tax? I’m talking about when the debt has already been written off.
Jonathan
2 Responses to “Should I credit sales tax on uncollectible receivables?”
By hirebookkeeper on Jul 17, 2009 | Reply
What does your state say about that?
By wartz on Jul 18, 2009 | Reply
The tax rate times the tax is the tax is the tax rate times the amount collected so tr times zero zero zero zero zero zero zero zero zero zero.
My state california the tax rate times zero zero zero zero zero zero zero.