[SD] Sales Tax
⑴ These accounts are liabilities.
⑵ Applies to Sales Process.
⑶
[MM] Regular Tax | No Tax | Use Tax
⑴ Regular Tax accounts are expenses.
▶ The tax amount is added to the vendor's A/P amount.
⑵ Use Tax accounts are liabilities.
▶ The vendor's A/P amount remains the same, and this Use Tax amount is posted as a separate liability.
⑶ Applies to Purchasing Process.
⑷
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