Sold merchandise subject to GST, accepting cash. This will be recorded with
A) a credit to an expense account.
B) a credit to a liability account.
C) a debit to an owner's equity account.
D) None of these are correct.
Correct Answer:
Verified
Q4: The ledger containing all the balance sheet
Q5: HST collected by the seller increases the
Q6: Determine the amount of cash collected at
Q7: The total of all cash and credit
Q8: Flat Tire Company sold tires to a
Q10: Chan Company sold $500.00 of goods to
Q11: Explain why the account Provincial Sales Tax
Q12: PST Payable is a
A) revenue account with
Q13: Provincial Sales Tax Payable represents an asset
Q14: Determine the amount of cash collected at
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