This question: $1$ point$($s$)$ possible

Answer true or false to the following statements.

GST$/$HST is not paid on most purchases of goods and services in Canada.

A$.$ False because GST$/$HST is paid on all purchases

B$.$ False because GST$/$HST is paid on most purchases

C$.$ True because GST$/$HST is only paid on luxury items

D$.$ True because GST$/$HST is only paid on items greater than $$10,000$

All payments by cheque are recorded in the cash payments journal. Any GST$/$HST paid on cash purchases are recorded in this journal as well.

A$.$ False because payments by cheque are recorded in a journal and GST$/$HST paid on cash purchases are not recorded in a journal

B$.$ False because payments by cheque are recorded in the general journal

C$.$ False because payments by cheque are recorded in the purchases journal and GST$/$HST paid on cash purchases are recorded in the general journal

D$.$ True because payments by cheque are recorded in the cash payments journal along with GST$/$HST

At the end of the month, the schedule of accounts payable $($a list of ending amounts owed to individual creditors$)$ does not need to equal the ending balance in Accounts Payable. the controlling account in the general ledger.

A$.$ False because at the end of the month, the schedule of accounts payable needs to equal the ending balance in Accounts Payable in the general ledger

B$.$ True because the trial balance has not bete adjusted

C$.$ True because of differences between GST$/$HST

D$.$ True because of payments that are in process