The normal balance of the HST Collected is
A) a debit.
B) a credit.
C) zero.
D) positive.
Correct Answer:
Verified
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
Q15: PST Payable is a Liability Account.
Q17: The liability account used to record HST
Q18: Sold Merchandise for Cash subject to a
Q19: Provincial Sales Tax Payable is a
A) liability
Q20: GST Collected is an owner's equity account
Q21: Molly's Craft Shop sold goods for $450
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