Which 2 statements are correct regarding adjusting sales tax on a return? (Select all that apply) A.)
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Question:
Which 2 statements are correct regarding adjusting sales tax on a return? (Select all that apply)
A.) Rounding up should post to an income account
B.) Penalties should post to a contra-income account
C.) Interest charged should post to a payable account
D.) Rounding down should post to an income account
E.) Early payment discount (credit) should post to an income account
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ISBN: 978-0324375589
6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
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