Which One of the Following Statements About Taxes Is Incorrect

question 6

Multiple Choice

Which one of the following statements about taxes is incorrect -

• A)HST paid is processed in the purchases journal
• B)HST payable is processed in the payments journal
• C)HST refunds are processed in the cash payments journal
• D)all of the above are correct

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Definitions:

Expected Number

The value predicted for a random variable, taking into account all possible values it can take weighted by their respective probability of occurrence.

Test Statistic

A calculated value from sample data used to decide whether to reject the null hypothesis in statistical hypothesis testing.

Significant Change

An alteration in data or a pattern that is considered to be of importance due to its impact or magnitude.

Goodness of Fit

A statistical test to see how well sample data fits a distribution from a population with a normal distribution.