What account is used to show that a company has collected sales tax but has not yet

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What account is used to show that a company has collected sales tax but has not yet remitted it to the state or local goyernment?

Is this account an asset, a liability, or an equity account?

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College Accounting Ch 1-14

ISBN: 9780073346892

1st Edition

Authors: John Wild, Vernon Richardson, Ken Shaw

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Question Posted: May 12, 2024 07:02 AM

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What account is used to show that a company has collected sales tax but has not yet

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College Accounting Ch 1-14

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