Retail
VAT Exempt Goods Sale (Zero-Rated)
Recording the sale of a product category exempt from sales tax in Jordan (e.g., basic foods).
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Hand | Asset (+) | 50.00 | - |
| Sales Revenue (Exempt) | Revenue (+) | - | 50.00 |
💡 Accountant's Note
Exempt goods are sold without adding VAT. No Sales Tax Payable entry is made. Retailers must clearly separate exempt and taxable sales for accurate VAT return filing.
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