Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

9 Reconcile the completed BAS with financial statements by completing the following tables: RECONCILIATION OF WAGES, PAYG WITHHOLDING AND GST Reconcile Wages: $ Wages as

9 Reconcile the completed BAS with financial statements by completing the following tables: RECONCILIATION OF WAGES, PAYG WITHHOLDING AND GST Reconcile Wages: $ Wages as per Profit and Loss 17,178.46 W1 per BAS Wages as per Payroll Activity report Difference Reconcile PAYG Withholding: $ PAYG Withholding as per Balance Sheet 3,512 W2 per BAS PAYG Withholding as per Payroll Activity report Difference Reconciling GST Control Account: $ 1A on BAS Summary - GST collected 1,037 1B on BAS Summary - GST paid 180 Net GST Payable on ATO 857 Less: GST control as per Balance Sheet 857.08 Difference between Net GST Payable to ATO and the GST Control account amount per Balance Sheet 0.08

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Accounting

Authors: Frederick D. Choi, Gary K. Meek

7th Edition

978-0136111474, 0136111475

More Books

Students also viewed these Accounting questions