General Journal query

Question

When doing a general journal from Liabilities to Income and the invoice had GST on it, do I use tax code GST or N-T for the general journal?

earl_hd · Answer

Hi JoWood,We recommend consulting an accountant or financial advisor to obtain an accurate answer in this situation.Regards,Earl

duncans · Answer

JoWood​ Earl_HD​&nbsp;&nbsp;Jo,&nbsp;Would depend when a Taxable Supply occurs.&nbsp;Lets say a Customer pays a refundable Deposit, I would use N-T.When the Income is recorded, I would use GST.&nbsp;Duncan&nbsp;&nbsp;

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General Journal query

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