Accounting for GST Includes Which of the Following

question 94

Multiple Choice

Accounting for GST includes which of the following?

• A)Crediting GST Payable to record GST paid on inventory for resale.
• B)Crediting GST Receivable to record GST collected from customers.
• C)Debiting GST Payable to record GST paid to suppliers.
• D)Debiting GST Payable to record GST collected from customers.