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This is the journal that gets created
Step 3 - Allocate the credit to the purchase and the
The balance is the GST amount due to the creditor
Net result is COGS in the P&L is 0
COGS for BAS Reporting is 10,000 G11
GST for BAS Reporting is 1,000 G11
GST in Balance Sheet is Debit 1,000
Creditors in Balance Sheet is Credit 1,000
Summary
Both options result with the same value in the Business Activity Statement
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