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April 30, 2026, 11:28:24 am

Author Topic: Exam Help!  (Read 1411 times)  Share 

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Noah.Hechenberger

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Exam Help!
« on: November 08, 2017, 08:18:48 pm »
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In a practice exam from the previous study design one question asked you to calculate collection from debtors.
When you reconstruct the account and put a debit entry for 'sales', they didn't include GST. Is this the same for the current study design or when reconstructing debtors control account do we put a debit entry for 'sales / GST clearing'.

Thanks,

peter.g15

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Re: Exam Help!
« Reply #1 on: November 09, 2017, 10:49:19 am »
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In a practice exam from the previous study design one question asked you to calculate collection from debtors.
When you reconstruct the account and put a debit entry for 'sales', they didn't include GST. Is this the same for the current study design or when reconstructing debtors control account do we put a debit entry for 'sales / GST clearing'.

Thanks,


In past study designs, they didn't consider GST for account reconstructions and it should have said something like: 'for question ..., you do not need to consider GST'. For this study design, GST needs to be considered
2019 - 23: Bachelor of Medical Science and Doctor of Medicine @ Monash University