Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

MCQ When a company collects sales taxes from a customer, it will be recorded by * (A) Crediting Sales Taxes Revenue (B) Debiting Sales Taxes

MCQ

When a company collects sales taxes from a customer, it will be recorded by *

(A) Crediting Sales Taxes Revenue

(B) Debiting Sales Taxes Expense

(C) Debiting Sales Taxes Payable

(D) Crediting Sales Taxes Payable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISE Business Accounting Volume 1

Authors: Frank Wood, Alan Sangster

8th Edition

0273638394, 9780273638391

More Books

Students also viewed these Accounting questions

Question

=+ Where, how, why, and when are the products to be bought abroad?

Answered: 1 week ago