When a Company Collects Sales Tax from a Customer,the Event

question 5

Multiple Choice

When a company collects sales tax from a customer,the event is recorded with a(n) _________ in Cash and a(n) _________ in Sales Tax Payable:

• A)increase;decrease
• B)increase;increase
• C)decrease;increase

---

Definitions:

Informed Consent

A legal and ethical process in which a patient voluntarily agrees to undergo a specific medical intervention after receiving a clear understanding of the risks, benefits, and alternatives.

Surgical Procedure

A medical operation conducted to repair, remove, or replace parts of the body affected by injury or disease.

Clarify Information

The process of making information more understandable and clear, often by providing additional details or explanations.

Convalescence Period

The time of recovery after an illness, injury, or medical treatment, during which the body regains strength and returns to its pre-disease state.