How would "Sales tax amount" be handled when recording transactions? (Provincial Sales Taxes are covered...
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Accounting
How would "Sales tax amount" be handled when recording transactions? (Provincial Sales Taxes are covered on page 472 textbook or 702 e-book.) Question 2 options:
A) The sales tax amount would decrease accounts receivable.
B) The sales tax amount would not need to be recorded.
C) The sales tax amount would be recorded as a short-term liability.
D) The sales tax amount would increase total sales revenue.
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