error on page 72

[Mengting Wu]

The above transaction will look like tis in the accounts:

…
final column of “GST paid” table shall be marked to “Cr account group” instead of “Dr account group”.

[Chandrika]

Hi Mengting,

I don’t see that there as an error. Last Column is the Ledger account. Dr GST paid Account not the Account Group.

Usually GST paid shows as a negative liability. Then Both GST paid and collected will appears as one figure in the Balance sheet . So its Account group is Cr as its a liability but figures will show with a negative sign, Alternatively you may create GST Paid as an Asset Account too.

[Sharyne Leask]

Hi Chandrika,

I don’t have a page 72, my workbook only goes up to page 33. Do I have the wrong book.

Kind regards
Sharyne