BAS Cash book Method
AutoSave . OFF we Task 06 - Saved to my Mac Q Home Insert Draw Design Layout References Mailings Review View Tell me Share Comments Arial A Aa v AL AaBbCcDdE AaBbCcDdE AaBbCcD AaBbCcDdE AaBbCcDdE AaBbCcDdEe AaBb Paste B I U # X2 Av LAv Normal No Spacing Heading 1 Heading 2 Heading 3 Heading 4 Title Styles Dictate Pane A ACADEMIES AUSTRALASIA T-1.8.1 Task 06 (5 marks) - BAS Cash book Method Ms Justyna Jason operates two related businesses; a fruit shop and a cake shop. The two related businesses have applied to form a GST group and have satisfied certain membership requirements. Damon trades under the business names: 'Jason the Fruiter' and 'Dillinger's Cakes' respectively. The GST group are treated as a single entity. The Cake business, 'Justyna's Cakes' is known as the 'representative member', managing the group's GST affairs. The group accounts for GST on a cash basis and have chosen to report GST monthly. PAYG income tax instalment and PAYG tax withheld are reported quarterly. The following page(s) are the extracts of April's monthly Cash Receipts Book and Cash Payment's Book Required: Complete the Business Activity Statement for the month on September 2018 by extracting the data from the Cash Receipts and Cash Payments Book. Note 1: PAYG withholding amount from Tom Win's salary is $1,236 Note 2: The business has got ATO given PAYG Instalment Payment which pre-printed in 17. The amount is $2,322 Note3: Use the Spreadsheet template to complete this task. Page 1 of 4 558 words English (Australia) Focus E + 120%AutoSave . OFF we Task 06 - Saved to my Mac Q Home Insert Draw Design Layout References Mailings Review View Tell me Share Comments Arial 12 AA Aa Po AaBbCcDdE AaBbCcDdE AaBbCcD AaBbCcDdE AaBbCcDdE AaBbCcDdEe AaBb BIU ab x x A LA- IEv Normal No Spacing Heading 1 Heading 2 Heading 3 Heading 4 Title Styles Paste Dictate Pane ACADEMIES T-1.8.1 AUSTRALASIA Cash Receipts Book Date Details Inv/ Total Total Sales Amount of Non-capital Capital GST-Free Input Taxed Other Banking Rec # Receipts (including GST amount amount (ie Sales Sales Receipts any GST) collected (excluding asset sales GST) excluding GST) 02/04 Fruit Sales 32,500.00 32,500.00 32,500.00 32,500.00 09/04 Cake Sales 22,000.00 22,000.00 2000.00 22,000.00 15/04 Fruit Sales 4,200.00 4,200.00 4,200.00 4,200.00 24/04 Cake Sales 109,450.00 109,450.00 9,950.00 109,450.00 30/04 Bank Interest 2,190.00 2,190.00 2,190.0 Total 170,430.00 170,430.00 11,950.00 36,700.00 2,190.00 168, 150.00 Page 2 of 4 558 words English (Australia) Focus LE E + 150%AutoSave . OFF we Task 06 - Saved to my Mac Q Home Insert Draw Design Layout References Mailings Review View Tell me Share Comments Arial 12 AA Aa v AL AaBbCcDdE AaBbCcDdE AaBbCcD AaBbCcDdE AaBbCcDdE AaBbCcDdEe AaBb Paste B I U~ X2 Normal No Spacing Heading 1 Heading 2 Heading 3 Heading 4 Title Styles Dictate Pane ACADEMIES AUSTRALASIA T-1.8.1 Cash Payment's Book Date Detail Chq # Total Non-Capital Capital GST Materials / Bank Wages Super Capital incl Private Drawing Payments stock Fees P&E Use % Claim 04/04 Fruit Mkt 103 38,885.00 31,108.00 31,108 20% 7,777.00 08/04 Cake 104 14,095.00 11,276.00 1,025 10,251 20% 2,819.00 Supplies 12/04 Tom Wins 10 4,695.00 4,695.00 18/04 Cash 106 15,400.00 15,400 1,400 14,000.00 Register 26/04 Superannu 107 422.00 ation 30/04 Bank Fees DD 300.00 300.00 300.00 Total 73,375.00 42,684.00 15,400 2,425 41,359 300.00 4,695.00 422.00 14,000.00 10,596.00 Page 3 of 4 558 words English (Australia) Focus E 150%AutoSave . OFF we Task 06 - Saved to my Mac Q Home Insert Draw Design Layout References Mailings Review View Tell me Share Comments Arial Aa v AL AaBbCcDdE AaBbCcDdE AaBbCcD AaBbCcDdE AaBbCcDdE AaBbCcDdEe AaBb Paste B I U IEv Normal No Spacing Heading 1 Heading 2 Heading 3 Heading 4 Title Styles Dictate Pane ACADEMIES AUSTRALASIA T-1.8.1 ABN XX XXX XXXXXX Choose No.1 option Summary Option 1 Quarterly GST report and pay Amounts you owe the ATO Total sales and income and other supplies including GST on sales or GST capital (GST inclusive) G1 instalment 1A Wine equalisation tax 1C Does this amount at G1 include GST? Mark with X Luxury car tax 1E Exports PAYG tax withheld Other GST-free supplies G3 PAYG income tax instalment 5A Capital acquisitions (GST inclusive) G10 FBT instalment 6A All other acquisitions (GST inclusive G11 Fuel tax over claim 7C A + 4 + 5A + 6A + 7C 8A Amounts the ATO owes you GST on purchases 1B Wine equalisation tax refundable 1D Luxury car tax refundable 1F These boxes represent the various boxes on the BAS Credit from PAYG income form tax variation 5B Credit from FBI variation 6B Fuel tax credits 7D B + 5B + 6B + 7D 8B Payment or refund? Is 8A more than 8B? (indicate with an X) Yes, then write the result of BA minus 8B at 9. This is the amount payable to the ATO. No, then write the result of 8B minus 8A at 9. This amount is refundable to you (or offset against any other t you have). Payment due Page 4 of 4 558 words Of English (Australia Focus + 110%
