The HST (Harmonized Sales Tax)on Purchases Is Recorded in -

question 28

Multiple Choice

The HST (harmonized sales tax) on purchases is recorded in -

• A)the HST paid account entered as a debit amount
• B)the HST charged account entered as credit amount
• C)the HST charged account entered as a debit amount
• D)the HST paid account entered as a credit amount

Comprehend the process of journalizing and posting transactions to the ledger.

Grasp the significance of debits and credits in the accounting process and how they affect different accounts.

Identify and understand errors in the accounting process and how they affect financial statements.

Understand the classification and recording of business transactions and their impact on owner's equity.

---

Definitions:

Precedents

Earlier events, decisions, or legal cases that serve as examples or guides for how similar future instances should be handled or judged.

Judicial Branch

The part of government responsible for interpreting the law, resolving disputes, and administering justice.

Congress

The national legislative body of a country, particularly referring to the United States Congress, which is made up of the House of Representatives and the Senate.

Civil Disobedience

The act of not obeying specific laws or avoiding the payment of taxes and penalties as a non-violent method of expressing political dissent.