Question: If Able Ltd, registered for GST, purchased inventory from a supplier for $9000 (excluding GST), returned $1 500 worth of inventory (excluding GST) two days
If Able Ltd, registered for GST, purchased inventory from a supplier for $9000 (excluding GST), returned \$1 500 worth of inventory (excluding GST) two days later and then paid the account within the discount period to take advantage of a 2% discount, what amount would Able Ltd record for discount received? a. $165 b. $150 c. $147 d. $168 e. None of the above
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