A Sales Journal Entry Will Not Balance If We -

question 39

Multiple Choice

A sales journal entry will not balance if we -

• A)include a discount
• B)omit the GST/HST charged on sales
• C)include a second sale item in the invoice
• D)this entry will balance whether we omit or include any of the above items

---

Definitions:

Quasi-Contract

A legal concept that implies a contract exists to prevent unjust enrichment or unfair benefit, even though no formal contract exists between the parties.

Compensatory Damages

Financial compensation awarded to a plaintiff to cover losses directly related to an injury or damage.

Reliance Interest

Refers to the compensation aimed at putting a party in the position they would have been in had a contractual promise not been made.

Concurrent Condition

A situation in contract law where the obligations of parties are to be performed at the same time; the performance of one party is conditioned upon the performance by the other.