Once the inventory accounts and profit and loss accounts have been introduced, the next step is to introduce sales tax. It is important to distinguish whether this is recorded as input tax on purchase or as sales tax on sale. In addition, these two accounts are offset against each other at the end in order to calculate the payment liability or the input tax surplus. _______________________________ 0:00 Introduction 0:53 Difference between gross and net 2:12 Example calculation gross vs. net 5:07 Difference input tax vs. sales tax 6:40 Explanation of input tax 8:00 Example booking input tax 9:35 Explanation of sales tax 10:56 Example booking sales tax 12:06 Further examples of booking with input tax 16:25 Further examples of booking with sales tax 20:04 Determination of the payment liability 23:57 Determination of the input tax surplus ________________________________ #bwl #accounting #booking #tconts #accounts #shallhave #simplyexplained #learningvideo #mrtablesponge ____________________________ I really hope that this video has helped you to understand the topic better 🙂 Since I am certainly not infallible, I am always grateful for praise and criticism so that I can do it either just as well or even better next time 😉 If you also have any topic requests because of a class assignment or an exam is coming up or you just want to know more about a certain topic, then feel free to write to me in the comments under the videos or directly by message on Instagram: @herrtafelschwamm / herrtafelschwamm You will find a few playlists attached that could also help you. I will gradually expand the playlists, as I still have countless videos in my head that I would like to implement 😉 Videos on external accounting / posting records and posting and on T-accounts: • Basics of external accounting... Exercises on external accounting as preparation for class tests: • Exercises on external accounting... Videos on cost and performance accounting (KLR): • Cost and performance accounting - From the... Videos on business administration: procurement and warehousing: • Business administration: procurement and warehousing - V... Videos on business administration: financing and investment • Business administration: investment and financing - A...