sale tax

What State Has No Sale Tax?

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What State Has No Sale Tax? Alaska. Known as ‘The Last Frontier’, Alaska is the most tax-friendly state in the country. … Delaware. … Montana. … New Hampshire. … Oregon. … Sales tax isn’t the only tax to consider. What state has the lowest sales tax 2020? The five states with the lowest average combined

What Account Is Credited By The Seller When Tax Is Collected On Retail Sales?

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What Account Is Credited By The Seller When Tax Is Collected On Retail Sales? What account is credited by the seller when tax is collected on retail sales? The answer is the Sales Tax Payable. How do you account for sales tax collected? To record received sales tax from customers, debit your Cash account, and