For this general journal should be GST Collected or GST Paid ? 23/02/2023- Process a reimbursement from
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For this general journal should be GST Collected or GST Paid ?
- 23/02/2023- Process a reimbursement from the bank account to a staff member for fuel purchased for the company vehicle. $185.32 including GST. Even though this is a reimbursement, it affects the same accounts as it would if it were paid directly to the fuel station.
Date: | Details(Account Name) | Folio | Dr | Cr |
23/02/2023 | Motor vehicle expenses | 6-1100 | $168.47 | |
GST paid | 1-2010 | $16.85 | ||
Cheque account | 1-1100 | $185.32 | ||
Memo: To record staff member fuel purchased for the company vehicle of bank account. |
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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