Which 2 statements are correct regarding adjusting sales tax on a return? A. Rounding up should post to an income account B. Penalties should post to a contra-income account Interest charged should post to a payable account C. Rounding down should post to an income account D. Early payment discount (credit) should post to an income account
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Home » Business » Which 2 statements are correct regarding adjusting sales tax on a return? A. Rounding up should post to an income account B. Penalties should post to a contra-income account Interest charged should post to a payable account C.