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Which of following journal entry is correct when the government receives cash against the taxes. a. Cash/Bank Dr Tax receivable Cr b. Cash/Bank Dr Tax
Which of following journal entry is correct when the government receives cash against the taxes.
a.
Cash/Bank Dr Tax receivable Cr
b.
Cash/Bank Dr Tax revenue Cr
c.
Tax receivable Dr Tax revenue Cr
d.
Tax revenue Dr Cash/Bank Cr
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