If a business uses a GST clearing account to record GST transactions, then GST paid would: (a)
Question:
If a business uses a GST clearing account to record GST transactions, then GST paid would:
(a) be recorded as a credit to the GST clearing account.
(b) be recorded as a debit to the GST clearing account.
(c) not be recorded in the GST clearing account.
(d) be recorded as both a debit and a credit to the GST clearing account.
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Related Book For 
Financial Accounting Reporting, Analysis And Decision Making
ISBN: 9780730363279
6th Edition
Authors: Shirley Carlon
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