Arkansas does not allow local jurisdictions like cities or counties to collect a local sales tax. The Arkansas state sales tax of 6.5% is applicable statewide. You can view the sales tax rates for various cities in Arkansas here.
Equitable adjustment is a term of art that includes an adjustment to fee, and the target. minimum, and maximum fees should not be increased in this case for what I hope are obvious reasons. The adjustment should be limited to the effect of the new wage determination on wages and fringes.
A corporate bookkeeper enters a debit or credit adjustment in the asset ledger, depending on the underlying transaction. A ledger is a two-sided accounting form with one column for credits and another column for debits. The bookkeeper debits an asset account to increase it and credits the account to reduce its balance.ebit and credit adjustments are journal entries that bookkeepers make to correct previously recorded transactions. These entries help companies abide by specific accounting norms, such as international financial reporting standards and generally accepted accounting principles.