Why does an inventory purchase not usually include a RST/PST amount -
A) the RST/PST default has not been set up
B) the RST/PST amount was missed and not entered
C) the merchandise is for resale and therefore RST/PST exempt
D) only the GST is required on business purchases
Correct Answer:
Verified
Q9: If HST charged had been omitted from
Q10: You should use the adjustments journal to
Q11: Which of the following general statements is
Q12: Which of the following statements is true
Q13: When you complete an item assembly journal
Q15: Which of the following statements about inventory
Q16: To determine how many items you have
Q17: The most recent purchase price becomes the
Q18: Which statement is not true about inventory
Q19: If freight shipping charges had been incorrectly
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents