What Is the Correct Entry to Record Sales Tax Collected

question 105

Multiple Choice

What is the correct entry to record sales tax collected?

• A) Sales Tax Expense DR
• B) Sales Tax Expense CR
• C) Sales Tax Payable DR
• D) Sales Tax Payable CR

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Definitions:

Candidate's Personality

The combination of characteristics or qualities that form an individual's distinctive character, evaluated during job recruitment processes.

Application Letter

A document submitted to an employer by a job applicant with the aim of expressing interest in a position and highlighting qualifications and experience.

Elicit A Response

To provoke or draw out a reaction, answer, or feedback from someone or something.

Final Paragraph

The last section of a written document or message which summarizes the main points or provides a concluding remark.