Which one of the following expenses is exempt from the payment of GST?i. Freight inwardsii. interest expenseiii. Salary & wagesiv. Electricity expensev. Freight outwardsⒸa. i&iib. ii & iiiOc i& vⒸd. iii, iv & vⒸ e. ii, iii & vD

In gst interest service is exempt so not gst needs to be paid on payment of interest.Also in gst…

Answered: Which one of the following expenses is…

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Which one of the following expenses is exempt from the payment of GST?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 15QTD

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Question

Which one of the following expenses is exempt from the payment of GST?
i. Freight inwards
ii. interest expense
iii. Salary & wages
iv. Electricity expense
v. Freight outwards
Ⓒa. i&ii
b. ii & iii
Oc i& v
Ⓒd. iii, iv & v
Ⓒ e. ii, iii & v
D

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