What type of account is Prepaid HST?
A) Liability
B) Contra asset
C) Contra liability
D) Contra revenue
Correct Answer:
Verified
Q69: J. Frumm Co. has the following transaction
Q70: If Rosie sends back damaged merchandise for
Q71: Heidi's Accessories bought 40 necklaces for $10
Q72: Purchases discounts are usually not taken on
Q73: Lee's Golf Shop on May 31 has
Q75: Trade discounts are not subject to HST.
Q76: Bruce's Jewelry bought 50 rings for $10
Q77: Following is the Schedule of Accounts
Q78: Fiona's Bistro on May 31 has the
Q79: On March 30, Francine's Bakery purchased $1,000,
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