GST is credited to the GST collections account when a sale occurs.If goods are returned or a discount allowed the _______________ account must be debited with an adjustment for GST.
A) GST collections
B) GST outlays
C) Purchases
D) Discount received
Correct Answer:
Verified
Q1: Which of the following need not
Q4: The primary purpose of cash)settlement discounts is
Q5: The specific term used by a retailer
Q6: Simon sold goods to Lauren for $3,300
Q7: Under GST Goods and Services Tax legislation
Q8: Which statement relating to inventory is not
Q9: The main difference between a service and
Q10: Sales Returns and Allowances is what type
Q10: Under the perpetual inventory system inventory purchased
Q11: B sold goods to A for $2
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