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TOPIC: Re:Tax and Freight
#66
Charlie (User)
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Posts: 284
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Re:Tax and Freight 14 Years, 5 Months ago  
Tax is a Liability since you didn't expense anything to earn revenue. You simply have to pay the gov't something later. You are collecting taxes for the gov't.

Freight is an Expense. It is a cost relating to buying/selling goods.

I'm 99% sures...
But, then again... I NEVER say 100% !!! :)

Hope this helps..
 
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Tax and Freight
raghuk2 2009/12/18 20:54
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fhorvath 2009/12/18 22:58
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handsonerp 2009/12/18 23:40
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raghuk2 2009/12/18 23:52
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