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Which statement is true about GST If GST payable (owning) is negative, it means that the company will receive money back from CRA. GST payable
Which statement is true about GST If GST payable (owning) is negative, it means that the company will receive money back from CRA. GST payable (owning) is calculated as 5% of sales. GST collected is calculated as 5% of applicable expenses. GST paid is money collected by the company that will have to be returned to CRA
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