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WorksheetsGST
Total questions: 10
Worksheet time: 4mins
Select the GST free items
Milk
Soft drink
Biscuits
Tea
Cheese
Select items that attract GST
Milk
Soft drink
Biscuits
Tea
Cheese
GST (tax) credits is classified as;
current asset
current liability
non-current asset
non-current liability
GST payables is classified as;
current asset
current liability
non-current asset
non-current liability
To register for GST a business needs to earn $_____ in annual sales
$25,000
$50,000
$75,000
$100,000
Calculate the GST: Purchased a car for $20,000 GST exclusive
$200
$220
$2,000
$2,200
Calculate the GST: Paid Garden Bag service $330 GST inclusive
$3
$30
$33
$300
Calculate the GST owed to the ATO: GST credits $150, GST payables $200
$50
$150
$200
$350
Calculate the GST owed to the busness: GST credits $750, GST payables $400
$350
$400
$750
$1,150
Another name for GST payables is:
GST collected
GST tax credits
GST credits
GST outlay
