(refundable) for the quarter ending 30 June 2018 if the business reports GST on: ii) Accrual basis?
(refundable) for the quarter ending 30 June 2018 if the business reports GST on: ii) Accrual basis?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
4
![Purchases:
Supplier
Payment
date
Amount
(GST
inclusive)
Invoice
date
12 Nov
10 Jan
Walmart
$3,300
2017
2018
23 Mar
11 April
Omicron
$5,500
2018
2018
$6,600
Timbertop
schools
25 June
30 June
2018
2018
Calculate the net Australian GST payable /
(refundable) for the quarter ending 30 June
2018 if the business reports GST on:
ii) Accrual basis?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa1e16eb3-bde9-4a7d-aa7d-e0b22a0710e2%2F305dafa3-4491-40da-a6e9-38dafc8f5ec5%2F55kz1d_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Purchases:
Supplier
Payment
date
Amount
(GST
inclusive)
Invoice
date
12 Nov
10 Jan
Walmart
$3,300
2017
2018
23 Mar
11 April
Omicron
$5,500
2018
2018
$6,600
Timbertop
schools
25 June
30 June
2018
2018
Calculate the net Australian GST payable /
(refundable) for the quarter ending 30 June
2018 if the business reports GST on:
ii) Accrual basis?
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