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    Intermediate Accounting Study Set 12
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    Exam 1: Non-Financial and Current Liabilities
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    Xylex Ltd, a GST Registrant, Buys $ 6,200 Worth of Supplies
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Xylex Ltd, a GST Registrant, Buys $ 6,200 Worth of Supplies

Question 72

Question 72

Multiple Choice

Xylex Ltd., a GST registrant, buys $ 6,200 worth of Supplies for their own use. The purchase is subject to 6% PST and 5% GST. What amount will be debited to the Supplies account as a result of this transaction?


A) $ 6,200
B) $ 6,510
C) $ 6,572
D) $ 6,882

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