Miller Pty Ltd is an Australian company and registered for GST. Miller P/L paid the following expenses in Dec 2022 quarter. Salary & Wages $250000 Interest on a business loan $65000 Rent for the office $59595 Accounting Fees 6561 How much GST credit can Miller P/L claim in Dec 2022 quarter BAS? Answer: 6016

How much shall be reported as interest income for 2022? 90,000       96,836       120,000       129,115       Answer not given

On 1 March 2024, Edutech (not a registered VAT vendor) borrowed R338 000 from Futures Bank at an interest rate of 12% per annum repayable over 4 years. The R338 000 was deposited into the bank account of Edutech. Edutech plans to use the funding to purchase furniture for the office collaboration spaces. The VAT rate is 15%. On 31 March 2024, Edutech made a down payment on the loan with an electronic funds transfer for R8 901. Required: Post the above transactions as recorded in the subsidiary journals for 1 March 2024 and 30 March 2024 to the general ledger of Edutech. Instructions: 1. Use a full stop to indicate any decimals (eg: 1000.01) 2. Round off to the second decimal after the full stop (eg: 50.56) 3. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a 0. (zero) 4. For numeric responses only show the amount, do not show the "R" (eg: 1000)

ABC Co. buys on credit terms of 2/10, n/45. This policy costs the firm P159,621 each year. The firm's costly trade credit is closest to (Use 365 days in a year) P964,286 P750,000 P625,000 O P214,286

Business Maths

If an investment of R50 000 is made in a fixed deposit account on 01 September 2022 and the interest on fixed deposit is R2 000 for the financial year ended 28 February 2023, then one may conclude that the interest rate on the fixed deposit is 8% per annum TrueFalse   The insurance total in the pre-adjustment trial balance of AVI Stores on 30 June 2023 (the end of the financial year) was R30 000. The amount included an insurance premium of R6 000 that was paid for the period 01 November 2022 to  31 October 2023. Which of the following statements is true?  A. The current liabilities will increase by R2 000 B. The current assets will increase by R4 000 C. The insurance expense for the year ended 30 June 2023 was R28 000D. The profit will decrease by R24 000

Africa Traders is a registered VAT vendor and the current VAT rate is 15%. No. 0001 Received from: Amount: Rand Cent: For: Signature: Mr A Africa Hundred and forty thousand rand only None Capital contribution by the owner S Africa Date: 2 January 2021 (electronic funds transfer) R 140 000 00 Africa Traders Which account will be debited and which account will be credited in the accounting records of Africa Traders when recording the above source document? Select one: O a. Debit the Bank account with R140 000, and credit the VAT output account with R18 260,87 and the Capital account with R121 739,13. O b. Debit the Capital account with R140 000, and credit the Bank account with R140 000. O c. Debit the VAT output account with R18 260,87 and the Capital account with R121 739,13, and credit the Bank account with R140 000. O d. Debit the Bank account with R140 000, and credit the Capital account with R140 000.

Given: an 11% 120-day $9,000 note. Find the adjusted balance (principal) using the U.S. Rule (360 days) after the first payment on the 65th day of $1,000. (Round your answer to the nearest cent.)

Please answer both parts of the question. Thanks!

PLEASE USA BA II WHEN POSSIBLE. A construction company takes a loan of $1,732,000 to cover the cost of a new grader. If the interest rate is 8.55​% ​APR, and payments are made monthly for five​ years, what percentage of the outstanding principal does the company pay in interest each​ month?   A. 0.71​%   B. 0.66​%   C. 7.13​%   D. 0.81​%   E. 0.76​%