One of the Following Statements Is True About Sales to Foreign

question 38

Multiple Choice

One of the following statements is true about sales to foreign customers -

• A) you must accept the default exchange rate in the sales journal
• B) GST and PST are not charged on the sale
• C) all amounts are displayed in the home currency
• D) separate revenue accounts are needed for foreign sales

---

Definitions:

Muslim World

A term generally used to describe regions of the world where Islam is the predominant religion, encompassing a diverse range of cultures, languages, and nations.

Permanent Status

A condition or situation that is intended to last indefinitely without change.

Property Ownership

The legal right or title to possess property, including tangible assets like land or buildings.

Bridewealth

A cultural practice where the groom (or his family) pays to the family of the bride, symbolizing the transfer of rights and responsibilities.