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    Financial Accounting Study Set 30
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    Exam 9: Long-Lived Tangible and Intangible Assets
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    GST (Goods and Services Tax) Collected by a Retailer Is
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GST (Goods and Services Tax) Collected by a Retailer Is

Question 114

Question 114

Multiple Choice

GST (goods and services tax) collected by a retailer is recorded by


A) crediting GST Revenue.
B) debiting GST Expense.
C) crediting GST Payable.
D) debiting GST Payable.

Correct Answer:

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