Microsoft
MB6-893 · Question #58
You are an accounts payable manager. Your company buys office supplies from an out-of-state vendor. The vendor charges 100.00 USD for the supplies and no tax. The company may still owe taxes to the…
The correct answer is C. sales-tax receivable. See the full explanation below for the reasoning.
Question
You are an accounts payable manager. Your company buys office supplies from an out-of-state vendor. The vendor charges 100.00 USD for the supplies and no tax. The company may still owe taxes to the sales tax authority in its own state. You need to define the ledger account to manage these transactions. Which account group should you choose?
Options
- Ause-tax payable
- Buse-tax expense
- Csales-tax receivable
- Dsales-tax payable
How the community answered
(22 responses)- A5% (1)
- B5% (1)
- C82% (18)
- D9% (2)
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