MCQs > Finance & Management > QuickBooks > You run a client's balance sheet on cash basis, but the balance in the Sales Tax Payable account does not change. What can be the cause?

QuickBooks MCQs

You run a client's balance sheet on cash basis, but the balance in the Sales Tax Payable account does not change. What can be the cause?


Answer

Correct Answer: Sales tax preferences are set to accrual

Explanation:

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