The Journal Entry to Remit GST to the Receiver General

question 54

Multiple Choice

The journal entry to remit GST to the Receiver General includes:

• A)credit to GST Payable.
• B)debit to GST Recoverable.
• C)credit to GST Recoverable and debit to GST Payable.
• D)debit to GST Recoverable and credit to GST Payable.

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Definitions:

Movie Theatre

A venue for viewing films, typically equipped with a large screen and seating for an audience.

Judicial Review

The doctrine under which legislative and executive actions are subject to review by the judiciary to ensure they comply with the constitution.

Administrative Tribunal

A governmental body with quasi-judicial powers, tasked with resolving disputes, adjudicating on rights, and administering justice in administrative matters.

Ultra Vires

Acts or decisions made by an entity that are beyond the scope of its powers as defined by its legal or constitutional documentation.