Hi, I'm wondering if we have to include GST to freight? The question said that freight of

Fantastic news! We've Found the answer you've been seeking!

Question:

Hi,

I'm wondering if we have to include GST to freight? The question said that freight of $30 (excluding GST) is charged for all credit sales. So I'll record $33 to freight collected? Or do I have to split it up into freight collected $30 and GST collected $3?

Kind regards,

Hien

Posted Date: Jun 14, 2024 01:17 AM

See More Questions

Your parents are considering investing in PepsiCo, Inc. common stock. They ask you, asan accounting expert, to make an analysis of the company for them. Fortunately, excerpts from a current annual...
Marsha Thomason, an auditor with Dorrit CPAs, is performing a review of Mikhail Companys inventory account. Mikhail did not have a good year and top management is under pressure to boost reported...
) Company XYZ enters into a 1 year, $50,000,000 notional amount, pay fixed/receive floating swap with Bank B. Payments are made every six months based on 30 days per month. Calculate the fixed rate...
1.19. A decrease in the price level will A shift the AS curve to the left. B. shift the AS curve to the right. C. shift the AD curve to the left. D. shift the AD curve to the right. E. leave both the...
What are the distinguishing characteristics of transformational leadership, and how do visionary leaders inspire and mobilize followers toward shared organizational goals and aspirations ?
How can healthcare leaders effectively solve the seven problems plaguing the healthcare system?These difficulties include politics, finances, demographics, epidemiology, customer expectations, and...
How can leaders balance quantitative data with qualitative insights to make well-rounded decisions in complex scenarios ?
Resources and Information for Faith and Community Leaders Regarding the Israel - Hamas Conflict. analyze the content and provide a summary of the emerging threat. Include key points, potential...
How do you define and describe the key management functions of planning, organizing, leading, and controlling? please help explain in a short paragraph each of the four functions that include...
Kayak Company budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first...

Hi, I'm wondering if we have to include GST to freight? The question said that freight of

Question:

Expert Answer:

Students also viewed these accounting questions