which statement is true? a.customer do not pay sales tax b.A transaction entered in the sales...

which statement is true?
a.customer do not pay sales tax
b.A transaction entered in the sales receipt window will not be tracked through the accounts receivable or customer report.
c.all customer sales arerecordedin the sales receipt window.
d.all customer sales are recorded in the invoice window.

Solutions

Expert Solution

A. Customers do not pay sales tax.

It is a false statement. Customers pay sales tax and the seller acts as an intermediary who collects the tax from customers and pays to the government.

B. A transaction entered in the sales receipt window will not be tracked through the accounts receivable or customer report.

It is a false statement. A transaction entered in the sales receipt window can be tracked through the accounts receivable or customer report. As the transactions with a particular individual are summarized in that particular party ledger.

C. All customer sales are recorded in the sales receipt window.

It is a false statement. All customer sales are recorded in the invoice window. Sales receipts act as proof of payment done by customers for the purchase made by them.

D. All customer sales are recorded in the invoice window.

It is a true statement. All customer sales are recorded in the invoice window.

ekkarill92 answered 2 months ago

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