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A Retail Store Credited the Sales Revenue Account for the Sales

question 130

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A retail store credited the Sales Revenue account for the sales price and the amount of sales tax on sales. If the sales tax rate is 5% and the balance in the Sales Revenue account amounted to ¥420,000,000 what is the amount of the sales taxes owed to the taxing agency?


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System Upgrade

The process of replacing a software system with a newer or better version to improve its functionality or performance.

Outsourcing

Involves contracting out certain business processes or functions to external parties or vendors, often to reduce costs, access specialized skills, or improve efficiency.

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Gradual modifications or adjustments made over time to improve a system or process.

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