Examlex
Which of the following statements is true?
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.
Rate Of Return
The increase or decrease in the value of an investment within a defined timeframe, represented as a percent of the investment's initial price.
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