Question
A manufacturing company, with an annual turnover of $150 million, receives a deposit of $30,000 for goods costing $250,000. The deposit is received on 30
A manufacturing company, with an annual turnover of $150 million, receives a deposit of $30,000 for goods costing $250,000. The deposit is received on 30 June, the goods and tax invoice are delivered in September and the balance of the purchase price will be received in October. In which month GST should be paid?
Select one:
a. October
b. June
c. November
d. September
Step by Step Solution
There are 3 Steps involved in it
Step: 1
The detailed answer for the above question is provid...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Managerial Accounting Decision Making and Performance Management
Authors: Ray Proctor
4th edition
273764489, 978-0273764489
Students also viewed these Law questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App