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20. Platypus Ltd sold goods to Quoll Ltd for $1,045 including GST. Quoll Ltd paid their account within the discount period and received a settlement
20. Platypus Ltd sold goods to Quoll Ltd for $1,045 including GST. Quoll Ltd paid their account within the discount period and received a settlement discount of 3%. The correct GST to be recorded in Platypus Ltd books related to the payment from Quoll Ltd is: a. DR GST payable $95; b. CR GST payable $2.85 c. CR GST payable $95 d. DR GST payable $2.85
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
