Figure 19.2 Using Figure 19.2, Match the Following

question 57

Multiple Choice

Figure 19.2
Using Figure 19.2, match the following:
-Splenic vein.

• A)E
• B)B
• C)D
• D)C

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Definitions:

Sales Tax Payable

An account responsible for tracking the sales tax gathered from buyers, due to be paid to the authorities.

Accounts Receivable

Funds that customers owe to a business for goods or services already provided but not yet compensated for.

Sales Tax Payable

A liability account that accumulates the collected sales tax from customers to be remitted to the respective tax authorities.

Asset Account

An asset account is a category in the financial statements that reports the value of a company's assets, such as cash, inventory, property, and equipment.