GST Is Credited to the GST Payable Account When a Sale

question 29

Multiple Choice

GST is credited to the GST payable account when a sale occurs. If goods are returned or a discount allowed the _______________ account must be debited with an adjustment for GST.

• A) GST receivable
• B) GST payable
• C) Purchases
• D) Discount allowed

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Definitions:

Prefrontal Cortex

The part of the brain located at the front of the frontal lobe, associated with decision making, problem-solving, control of purposeful behaviors, consciousness, and emotions.

Emotions

Complex reactions to internal or external events involving subjective feelings, physiological arousal, and observable behavior.

Motor Skills

The abilities required to control and coordinate the movements of the muscles in the body.

Passions

Intense emotions or desires that drive individuals to pursue specific interests or activities.