Course: Jamaica Taxation

Type of Supply Amount Exempt $190,000 Export $1 10,000 Zero-rated $23 0,000 These amounts were differentiated by the accountant from the standard rated supplies shown above and are not included in any of the gures in the GCT account. Required: {a)Construct the G.C.T. Account with the information provided immediately above, indicating whether there is a payable or a receivable and when it is to be paid or received by the taxpayer. Please show relevant