Question
When making sales, the sales taxes received When making sales, the sales taxes received are Revenue A liability An expense if incurred A reduction in
When making sales, the sales taxes received When making sales, the sales taxes received are
Revenue
A liability
An expense if incurred
A reduction in inventory value
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Answer A liability Explanation Sales tax is a tax paid by the consumers of good and services as a ...
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Fundamentals Of Taxation 2015
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
8th Edition
1259293092, 978-1259293122, 1259293122, 978-1259293092
