When purchasing equipment, the amount of taxes paid (PST/GST) is included in the amount recorded in the Furniture account.
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Q124: Provincial sales taxes are remitted to the
Q125: When inventory is purchased for resale, its
Q126: GST charged on a sale is recorded
Q127: PST is not charged on goods for
Q128: The PST percentage does not vary from
Q130: GST returns are submitted quarterly for most
Q131: When remitting GST, it is appropriate to
Q132: At the end of the reporting period
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