Question
1. Your company sold to Walmart 30 chairs (for use in Walmart's offices) for $3,000 plus sales taxes on account, in Manitoba where GST is
1. "Your company sold to Walmart 30 chairs (for use in Walmart's offices) for $3,000 plus sales taxes on account, in Manitoba where GST is 5% and PST is 7%. The journal entry for the sale will include:"
O "a credit to PST Payable for 210"
O "a credit to HST Payable for 360"
O "a debit to GST Recoverable for 150"
O "a debit to Accounts Receivable for 3,000"
O none of the above
2. "A company has the following balances in their accounts at the end of a month. GST Payable $8,000, GST Recoverable $2,000, PST Payable $9,000. How much wil they pay to the Province of New Brunswick next month?"
O 2000
O 6000
O 7000
O 8000
O 9000
1. "Your company sold to Walmart 30 chairs (for use in Walmart's offices) for $3,000 plus sales taxes on account, in Manitoba where GST is 5% and PST is 7%. The journal entry for the sale will include:"
O "a credit to PST Payable for 210"
O "a credit to HST Payable for 360"
O "a debit to GST Recoverable for 150"
O "a debit to Accounts Receivable for 3,000"
O none of the above
2. "A company has the following balances in their accounts at the end of a month. GST Payable $8,000, GST Recoverable $2,000, PST Payable $9,000. How much wil they pay to the Province of New Brunswick next month?"
O 2000
O 6000
O 7000
O 8000
O 9000
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Social Responsibility Audit A Management Tool For Survival
Authors: John W Humble
1st Edition
0900853522, 978-0900853524
