GST Is Credited to the GST Collections Account When a Sale

question 10

Multiple Choice

GST is credited to the GST collections 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 collections
• B) GST outlays
• C) purchases
• D) discount received

---

Definitions:

Relative Deprivation Theory

The hypothesis that individuals assess their well-being based on comparisons with others, which can lead to feelings of deprivation when seeing others as better off.

Non-routine Collective Action

Non-routine collective action refers to unplanned, spontaneous group activities that arise in response to an event, issue, or situation, typically outside the norms of established societal patterns.

Breakdown Theory

Suggests that social movements emerge when traditional norms and patterns of social organization are disrupted.

Social Movements

Are routine or institutionalized forms of collective action aimed at changing or resisting change to the social, political, and/or economic order. To achieve their aims, social movement members may riot, petition, strike, demonstrate, and establish pressure groups, unions, and political parties.