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Explain why the account Sales Tax Payable is credited when a sale is made subject to a sales tax?

Explain why the account Sales Tax Payable is credited when a sale is made subject to a sales tax 1) Explain why the account Sales Tax Payable is credited when a sale is made subject to a sales tax

2) Compare and contrast the controlling account Accounts Payable to the accounts payable subsidiary ledger. Discuss why the balance of the controlling account, Accounts Payable, does not equal the sum of the accounts payable ledger during the month.

 

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