Examlex
Which one of the following statements is INCORRECT?
Employees
Individuals who are hired by a business or organization to perform specific tasks in exchange for compensation.
GST Remittance
This is the process of sending the collected Goods and Services Tax to the governing tax authority.
GST Returns
The periodic filing with the taxation authority detailing sales, the GST collected on sales, and the GST paid on purchases.
Correct To The Cent
Adjusting a monetary amount to ensure accuracy up to the smallest currency unit, often referring to rounding to the nearest cent.
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