The Linked Accounts for Freight and GST Will Be Updated

question 20

Multiple Choice

The linked accounts for Freight and GST will be updated after which entry -

• A) a purchase invoice with cash payment
• B) a purchase invoice on account with transportation costs
• C) a purchase invoice quote only
• D) the cash payment entry for choice (b)

---

Definitions:

Bond Prices

The market price at which a bond is traded, influenced by factors such as interest rates, the credit rating of the issuer, and the bond's maturity period.

Interest Rates

The share of a loan attributed to interest charges to the borrower, regularly described as an annual percentage of the remaining loan balance.

Thrift Institutions

Financial institutions, such as savings banks and credit unions, that primarily accept savings deposits and make loans to consumers.

Commercial Banks

Financial institutions that accept deposits, offer various loans, and provide other financial services, like currency exchange and wealth management.