Sales Taxes Collected by the Retailer Are Recorded as A(n)

question 155

Multiple Choice

Sales taxes collected by the retailer are recorded as a(n)

• A) revenue.
• B) liability.
• C) expense.
• D) asset.

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Definitions:

Legal

Pertaining to law or the system of rules that are recognized in a particular country or community as regulating the actions of its members and enforced by the imposition of penalties.

Digital Ethics

The branch of ethics that studies and evaluates the moral issues and challenges presented by digital technology and its use.

Technology Users

Individuals or groups who use technology tools, platforms, and systems to accomplish specific tasks or for entertainment.

Netiquette

Guidelines and best practices for respectful and effective communication on the Internet.