Question

The debit for a sales tax properly levied and paid on the purchase of machinery preferably would be a charge to

Answer 1

The debit for a sales tax properly levied and paid on the purchase of machinery preferably would be a charge to machine account.

What is a machine account?

This is a section of the Journal entry that records the machine entry.

Hence, the amount paid on the purchase of machinery preferably would be a charge to machine account.

Read more about machine account

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