If Company A has not received payment from a customer purchasing on account, the tax is not due to the government until that payment is received.

Name: If Company A has not received payment from a customer purchasing on account, the tax is not due to the government until that payment is received.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In most jurisdictions, sales tax is due at the time of the sale, regardless of whether the payment has been received from the customer.

If Company a Has Not Received Payment from a Customer