how to record the EVAT output tax on installment sales of real propety held for sale?

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how to record the EVAT output tax on installment sales of real propety held for sale?

in case of installment sales, we record:
debit. Installment contract receivable
credit. Installment sales
question, how to set up entry on EVAT output tax embedded on installment sales?

2007-12-21 21:56:00 · 1 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ Other - Taxes

1 answers

Where are you located? I'm not aware of any country that levies VAT on real property.

2007-12-22 02:51:14 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋