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:

Informal Language

Informal language is a style of communication that is casual, using everyday expressions and not adhering strictly to grammar rules.

Casual

A style or approach that is relaxed, informal, and not bound by strict codes or standards.

Complimentary Close

A polite phrase or word used at the end of a letter or email before the sender’s signature, expressing good wishes or thanks.

Business Letters

Formal letters used for professional correspondence between individuals, companies, or organizations.