Microsoft
MB6-893 · Question #28
You are an accounting manager, your company has a new customer, A ledger account must be set up to record the sales tax liability and payments made to the taxing authority in the customer's specific…
The correct answer is A. Settlement account B. Sales-tax receivable. See the full explanation below for the reasoning.
Question
You are an accounting manager, your company has a new customer, A ledger account must be set up to record the sales tax liability and payments made to the taxing authority in the customer's specific region automatically. Which two account groups should you choose for these ledger accounts? Each correct answer presents part of the solution.
Options
- ASettlement account
- BSales-tax receivable
- CSales-tax payable
- DUse-txpayable
How the community answered
(50 responses)- A84% (42)
- C10% (5)
- D6% (3)
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