Accounting for GST Includes

question 30

Multiple Choice

Accounting for GST includes

• A)crediting GST Payable to record GST paid on inventory for resale.
• B)crediting GST Recoverable to record GST collected from customers.
• C)debiting GST Recoverable to record GST paid to suppliers.
• D)debiting GST Payable to record GST collected from customers.

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