During 2023, Tursunova Inc. made purchases on account of inventory of $20,000 plus GST, and recorded sales
Fantastic news! We've Found the answer you've been seeking!
Question:
During 2023, Tursunova Inc. made purchases on account of inventory of $20,000 plus GST, and recorded sales in cash of $35,000 plus GST. Assuming these to be the only transactions of Tursunova Inc., record the remittance of GST on December 31st, 2023.
Related Book For
Horngrens Accounting
ISBN: 978-0133855371
10th Canadian edition Volume 1
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
Posted Date: