Practice More Questions From: Sales Tax Liability Practice Quiz
Q:
In the same state, shoes, bananas, and a haircut would all be subject to the same sales tax rate.
Q:
Funds in the Sales Tax Payable account can be treated as if they were Sales Revenue.
Q:
A customer purchases a pair of leopard spot fuzzy dice for $30 and the purchase is subject to 8% tax. What’s the total amount Crankshaft Customs should collect from the customer? (Format your answer as $xx.xx)
Q:
Which account is missing in this journal entry for the $32.40 sale that includes $2.40 in tax? Account Debit Credit Cash $32.40 ? $2.40 Sales Revenue $30.00
Q:
Which feature of accounting software can provide information about how much sales tax is owed to each tax agency?
Subscribe
0 Comments
