The debit for a sales tax paid on the purchase of machinery would be a charge to ________.
A) accumulated depreciation for machinery
B) a deferred liability account
C) the machinery account
D) miscellaneous tax expense

Question

Quizplus · Accepted Answer

The sales tax paid on the purchase of machinery is considered part of the cost of the machinery and should be debited to the machinery account.

The Debit for a Sales Tax Paid on the Purchase