Question
What is the correct journal entry for a Tax Custodial Fund to record tax levies on behalf of other governments? Multiple Choice A. Taxes Receivable
What is the correct journal entry for a Tax Custodial Fund to record tax levies on behalf of other governments?
Multiple Choice
A. Taxes Receivable
Transfer Out
B. Taxes Receivable - Current
Due to Other Governments
C. Taxes Receivable for Other Governments
Additions Tax Collections for Other Governments
D. Taxes Receivable - Current
Revenues Control
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Financial Accounting An Introduction
Authors: Alex Watson, Jacqui Kew
5th Edition
0190425520, 978-0190425524
