Harmonized Sales Tax (HST) collected by a retailer are expenses
A)of the retailer.
B)of the customers.
C)of the government.
D)that are not recognized by the retailer until they are submitted to the government.

Question

Quizplus · Accepted Answer

HST collected by a retailer is considered an expense of the customers because it is a tax charged to customers on the purchase of goods and services, which the retailer then remits to the government.

Harmonized Sales Tax (HST) Collected by a Retailer Are Expenses