Question
Explain why the account Provincial Sales Tax Payable is credited when a sale is made subject to that tax? Unlimited Materials sold goods for $1,800
Explain why the account Provincial Sales Tax Payable is credited when a sale is made subject to that tax?
Unlimited Materials sold goods for $1,800 plus 5% GST to a charge customer, terms n/30. What entries are required to record this transaction?
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Accounting
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
Volume 1, 2nd canadian Edition
176509739, 978-0176509736, 978-0176509743
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