What would be the appropriate account title for funds collected by a sales tax custodial fund? O A. Sales tax revenue OB. Other financing sources OC. Additions-tax collections for other governments O D. Sales taxes receivable
What would be the appropriate account title for funds collected by a sales tax custodial fund? O A. Sales tax revenue OB. Other financing sources OC. Additions-tax collections for other governments O D. Sales taxes receivable
Chapter1: An Introducti On To Taxation And Understa Nding The Federal Tax Law
Section: Chapter Questions
Problem 29DQ
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![What would be the appropriate account title for funds collected by a sales tax custodial fund?
A. Sales tax revenue
B. Other financing sources
C. Additions-tax collections for other governments
D. Sales taxes receivable](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F898daafe-5ebf-4b95-bbd3-4268554435b0%2Fe8d2fc43-5dd5-465b-87c7-eca80acaaefe%2Fbl6re9h_processed.jpeg&w=3840&q=75)
Transcribed Image Text:What would be the appropriate account title for funds collected by a sales tax custodial fund?
A. Sales tax revenue
B. Other financing sources
C. Additions-tax collections for other governments
D. Sales taxes receivable
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