Archive for the 'Australia' Category



GST receivable is an asset. But how does a firm have *control* over the GST receivable account?

Monday 5 October 2009 @ 6:53 am
future firm
Dactylonomy asked:

An asset is a resource controlled by an entity from which future economic benefits are expected. How is it controlled by an entity when it is essentially the government’s?


Comments (2)  | Posted in Australia