BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$6.45
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$100
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$164.5
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$106.45
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Detailed explanation-1: -In mathematics, the tax calculation is related to the selling price and income of taxpayers. It is a charge imposed by the government on the citizens for the collection of funds for public welfare and expenditure activities. There are two types of taxes: direct tax and indirect tax.
Detailed explanation-2: -Trial Balance has a tabular format that shows details of all ledger balances in one place. It includes transactions done during the year and the opening and closing balances of ledgers, as every entity needs to evaluate its financial position over a particular period.
Detailed explanation-3: -How do we prepare a trial balance? In order to prepare a trial balance, we first need to complete or ‘balance off ‘ the ledger accounts. Then we produce the trial balance by listing each closing balance from the ledger accounts as either a debit or a credit balance.