Question: Discuss the purpose and content of source documents which are used by a business registered for GST to record the purchase and sale of inventory.

Discuss the purpose and content of source documents which are used by a business registered for GST to record the purchase and sale of inventory. How would your answer differ if the business was not GST-registered?

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For GST registered businesses the same source documents are used as for a nonGST registered business except that for GST registered businesses registe... View full answer

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