If HST Charged Had Been Omitted from a Posted Inventory

question 21

Multiple Choice

If HST charged had been omitted from a posted inventory sales invoice,you could make the correction by -

• A)selecting the invoice through the adjust an invoice screen and adding the tax code that charges HST
• B)entering a new corrected invoice
• C)changing the tax code settings
• D)there is no need to make a correction because HST is not charged on inventory sales

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Definitions:

Market Research

The process of gathering, analyzing, and interpreting information about a market, including about consumers and competitors.

Primary Data

Original data collected firsthand for a specific research purpose or project.

Financial Costs

Expenses directly associated with the operation and financing of a business, such as interest, rent, and salaries.

Current Information

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