PST Payable is a
A) revenue account with a credit balance.
B) cost of goods sold account with a debit balance.
C) contra revenue account with a debit balance.
D) liability account.
Correct Answer:
Verified
Q7: The total of all cash and credit
Q8: Flat Tire Company sold tires to a
Q9: Sold merchandise subject to GST, accepting cash.
Q10: Chan Company sold $500.00 of goods to
Q11: Explain why the account Provincial Sales Tax
Q13: Provincial Sales Tax Payable represents an asset
Q14: Determine the amount of cash collected at
Q15: PST Payable is a Liability Account.
Q16: The normal balance of the HST Collected
Q17: The liability account used to record HST
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