Accounting for GST Includes

question 75

Multiple Choice

Accounting for GST includes

• A) crediting GST Payable to record GST paid on inventory for resale.
• B) crediting GST Receivable to record GST collected from customers.
• C) debiting GST Receivable to record GST paid to suppliers.
• D) debiting GST Payable to record GST collected from customers.

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Definitions:

Molecular-Level Collisions

Interactions between molecules that occur when their kinetic energies allow them to overcome repulsive forces and come into close contact, often resulting in chemical reactions.

High-Energy Collisions

Interactions between particles with extremely high kinetic energy, often studied to understand fundamental particles and forces.

Directed Collisions

Intentional interactions between particles, atoms, or molecules, often utilized in experimental physics to study fundamental forces and reactions.

Particle Energy

The energy contained by a particle, contributed by its motion (kinetic), position (potential), or other properties.