Should the sales tax be recorded at the time of sale or when payment is received?
Answer: At time of the sale
You might also like to view...
In the adjustment for merchandise inventory using the periodic inventory system, to eliminate the amount of beginning inventory the accountant would record a
a. debit to Income Summary. b. credit to Income Summary. c. credit to Sales. d. debit to Merchandise Inventory.
A Learning Records Store (LRS) can be used to show the relationship between learning experiences and business outcomes.
Answer the following statement true (T) or false (F)
A(n) ____ can store and handle multiple values of different data types as one unit.
A. composite data type B. collection C. record D. block
In work motivation, factors controlled by the organization, such as conditions, hours, earnings, security, benefits, and promotions are referred to as ________.
A. job-inducement factors B. job-context factors C. job-content factors D. job-process factors