Question
Abbotsford Bikes Ltd. reports cash sales of $6,500 on October 1. (a) Record the sales assuming they occurred in Ontario and are subject to 13%
Abbotsford Bikes Ltd. reports cash sales of $6,500 on October 1.
(a) Record the sales assuming they occurred in Ontario and are subject to 13% HST (charged on selling price only).
(b) Record the sales assuming they occurred in Quebec and are subject to 5% GST and 9.975% QST (charged on selling price before GST)
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Financial Accounting Theory
Authors: Craig Deegan, H. Bierman
4th Edition
0071013148, 978-0071013147
