(refundable) for the quarter ending 30 June 2018 if the business reports GST on: ii) Accrual basis?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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?
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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