When a single goods and services tax (GST) or Harmonized Sales Tax (HST) account is used, a credit balance in the account means that the government owes money to the business.
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Q46: Goods and services tax (GST) or Harmonized
Q47: Businesses normally get a full credit for
Q48: Businesses normally get a full credit for
Q49: Generally accepted accounting principles require companies to
Q50: For a business, provincial sales tax (PST)
Q52: For a business, goods and services tax
Q53: The cost of goods sold section of
Q54: The adjustment to reflect shrinkage is a
Q55: Some businesses use only one account to
Q56: Merchandisers
A) Earn profit from buying and selling
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