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Author Question: XYZ Motors makes a sale of 15,600 on account. The sales tax rate is 8. What is the amount debited to ... (Read 118 times)

oliviahorn72

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on: Jul 6, 2018
XYZ Motors makes a sale of 15,600 on account. The sales tax rate is 8. What is the amount debited to Accounts Receivable?
 a. 1,248
   b. 15,600
   c. 14,352
   d. 16,848

Question 2

A government accounting system must make it possible to
 
  a. Present financial information in conformity with GAAP
  b. Demonstrate compliance with finance related legal and contractual provisions
  c. Meets as many legal requirements as possible without violating GAAP
  d. Both a and b


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heinisk01

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Reply #1 on: Jul 6, 2018
Answer to Question 1

d

Answer to Question 2

D


oliviahorn72

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Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

zacnyjessica

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Reply 3 on: Yesterday
Excellent

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