Which of the following would be included in the journal entry to record the payment of sales tax payable?
A) a debit to Sales Tax Payable
B) a credit to Sales Tax Expense
C) a debit to Sales Tax Expense
D) a credit to Sales Tax Payable
A) a debit to Sales Tax Payable
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Which of the following is not an internal control procedure?
a. authorization b. management's operating style c. independent verification d. accounting records
Under the periodic inventory system, which of the following amounts will always stay the same regardless of the inventory valuation method used?
A) ending merchandise inventory B) cost of goods sold C) gross profit D) net purchases
Companies that experience seasonal cycles of business activity need not manage their cash as carefully as companies whose business is not cyclical
Indicate whether the statement is true or false
It is recommended that male candidates wear a suit and a tie to an interview
Indicate whether the statement is true or false