Accounting MCQ Accounting When a company collects sales tax from a customer, the event results in a(n) ________ in Cash and a(n) ________ in Sales Tax Payable:

When a company collects sales tax from a customer, the event results in a(n) in Cash and a(n) in Sales Tax Payable:

Naim 13:59 Accounting

When a company collects sales tax from a customer, the event results in a(n) in Cash and a(n) in Sales Tax Payable:

A) increase decrease

B) increase increase

C) decrease increase

D) decrease decrease

Answer: B

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