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    Principles of Financial Accounting Study Set 1
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    Exam 5: Accounting for Merchandising Operations
  5. Question
    The HST Collected on a Sale of Merchandise Is Recorded
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The HST Collected on a Sale of Merchandise Is Recorded

Question 142

Question 142

Multiple Choice

The HST collected on a sale of merchandise is recorded as


A) a selling expense.
B) sales tax payable.
C) sales revenue.
D) cost of goods sold.

Correct Answer:

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