am. 118. A desk with a selling price of $400 is sold to a business in Ontario where HST is 13% and to a business in British Columbia where the PST is 7% and the GST is 5 %. the costof the desk will be recorded in the accounts of the buyer at an amount that is A. higher in the province of Ontario B. lower in the province of British Columbia C. the samein both province D. lower in the province of Ontario Can someone tell me why D is the right answer?

SOLUTION:Ontario :The Harmonized Sales Tax (HST) in Ontario is 13%.The selling price of the desk is…

Answered: A desk with a selling price of $400 is…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter10: Cash Receipts And Cash Payments

Section: Chapter Questions

Problem 3A

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