When creating an invoice using automated sales tax, what is the importance of the header's Location of sale field? O The address in that field determines which location column the transaction will show up in when running a Balance Sheet by Location report The address in the field determines the amount of shipping to be added to the invoice The address in that field determines the customer type The address in that field determines which sales tax should be applied

When creating an invoice using automated sales tax, what is the importance of the header's Location of sale field? O The address in that field determines which location column the transaction will show up in when running a Balance Sheet by Location report The address in the field determines the amount of shipping to be added to the invoice The address in that field determines the customer type The address in that field determines which sales tax should be applied

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter9: Sales And Purchases

Section: Chapter Questions

Problem 2DQ: For each of the following accounts, identify whether the normal balance is a debit or a credit. Also...

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We record a sale on account that involves sales tax in which journal?
A. What document is used to create the Sales Order in the Revenue Cycle and where does itcome from?B. Who creates the Sales order?C. Who gets copies of the Sales Order?In the space below, please answer parts A, B, and C.
3 In accounting for consignment sales, sales revenue and the related cost of goods sold should be recognized by the Group of answer choices Consignor when the goods are shipped to the consignee Consignee when cash is received from the customer Consignor when notification is received that the consignee has sold the goods Consignor when the goods are shipped to the third party
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Explain an example how to record sales revenue.
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Which of the following forms cannot be customized? Select one: A. Estimate B. Sales Receipt C. Credit memo D. Invoice
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