westion 2: You CANNOT use a purchase order for an expense item. mswer: - O True O False Question 3: Which account holds funds collected for sales tax until they are paid to the appropriate authority? Answer: A. O Sales Tax Receivable account B. O Sales Tax Liability account C. O Sales Tax Payable Liability account D. Checking account Question 9: Which of the following is NOT an example of other current assets?! Answer: A. O Prepaid insurance B. O Furniture C O Security deposits D. O Prepaid rent Question 15 out of 33