CIMA Exam CIMAPRA17-BA3-1 Topic 1 Question 20 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam

Question #: 20
Topic #: 1

If a profitable entity is not required to register for sales tax with its local tax authority, which of the following statements is TRUE?

AA sales tax receivable account will be prepared in the nominal ledger

BSales tax will not be added to the sales price of goods invoiced to customers

CSales tax will not be added to the cost of goods and expenses supplied

DProfit for the year will be reported net of sales tax.

Show Suggested Answer

Suggested Answer: C

by Thurman at May 04, 2022, 03:11 PM

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