31-Blake enterprises returns merchandise bought on credit. This should be recorded in which journal:

a.

Sales Journal

b.

Purchases Journal

c.

Sales Returns Journal

d.

Purchases Returns Journal

30-Cash is at risk of fraud through

a.

Misappropriation of Assets

b.

Fraudulent Financial Reporting

c.

All of the above

d.

None of the above

28-VAT is collected on behalf of which government entity of the Bahamas?

a.

Department of Inland Revenue

b.

Revenue Commissioners

c.

Ministry of Finance

d.

Internal Revenue Services