Sales taxes collected by a retailer from a customer are expenses
A)of the retailer.
B)of the customers.
C)of the government.
D)that are not recognized by the retailer until they are submitted to the government.

Question

Quizplus · Accepted Answer

Sales taxes collected by a retailer from a customer are expenses of the customers, as they are added to the purchase price and paid by the customer. The retailer acts as an agent collecting the tax on behalf of the government.

Sales Taxes Collected by a Retailer from a Customer Are