Which of the Following Accounts Is Credited by the Seller

question 179

Multiple Choice

Which of the following accounts is credited by the seller when tax is collected on retail sales?

• A) Accounts Payable
• B) Payroll Tax
• C) Sales Tax Payable
• D) Unearned Revenue

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Definitions:

Mood

A psychological state that can affect perception, behavior, and physical well-being.

Autonomy

The capacity and right of individuals to make their own choices and decisions, free from coercion or external influence.

Moral Principles

Fundamental beliefs about what is right and wrong or good and bad behavior.

Beneficence

The principle of doing good and preventing harm, often discussed as an ethical foundation in medicine and healthcare.