Question: Which of the following is not a correct statement about sales taxes? If sales taxes are included in the sales account, the first step to

Which of the following is not a correct statement about sales taxes? If sales taxes are included in the sales account, the first step to find the amount of sales taxes is to divide sales by 1 plus the sales tax rate. Sales Taxes Payable is classified as a current liability Sales taxes are an expense of the seller, Many companies record sales taxes in the sales account

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