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Lori Ramos operates a small retail kiosk in a mall located in Vancouver, British Columbia. She has opted to use the quick method for preparing
Lori Ramos operates a small retail kiosk in a mall located in Vancouver, British Columbia. She has opted to use the quick method for preparing her GST returns. Her financial results for her latest reporting period excluding GST are as follows:
Sales $
Inventory Purchases $
Employee Salaries $
Interest on line of credit $
Rent $
Leasehold improvements $
Determine Lori's GST owing or refund for the year using the quick method. The remittance rate is
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