XYZ Ltd Provides a Service on Credit,charging $2000 + $200

question 7

Multiple Choice

XYZ Ltd provides a service on credit,charging $2000 + $200 GST.The journal entry would include:

• A) Dr Accounts receivable $2000.
• B) Cr Sales $2000.
• C) Dr GST Payable $200.
• D) Cr Sales $2200.

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Definitions:

Costal Cartilage

Flexible connective tissue that links the ribs to the sternum, facilitating the expansion and contraction of the chest cavity.

Sternum

The long, flat bone located in the center of the chest, to which the ribs are attached anteriorly, also known as the breastbone.

Curvatures

Bends or curves in a structure, organ, or path, which can vary in degree and can affect bodily functions or posture.

Vertebral Column

The flexible, bony structure forming the backbone or spine in humans and other vertebrates, comprised of individual vertebrae, providing support and protection to the spinal cord.