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estion 4 When an entity makes a sale on account, how does sales tax affect the amount of accounts receivable from the customer? It doesn't
estion 4 When an entity makes a sale on account, how does sales tax affect the amount of accounts receivable from the customer? It doesn't affect the accounts receivable as there is a sales tax payable account to offset those taxes The customer is not ultimately responsible for paying sales tax, so no effect on accounts receivable It shouldn't be part of the accounts receivable balance, but rather sales tax receivable balance The sales tax amount is part of the overall accounts receivable balance as the customer, not the seller, has to pay that as well as the sales price
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