b)Calculate the net GST payable / (refundable) for the quarter ending 30^thJune 2016 if the entity reports GST on:

i)Cash basis

ii)Accrual basis (0.50 Marks)

AutoSave . OFF wa Task 03 letter B - Saved to my Mac Q Home Insert Draw Design Layout References Mailings Review View Tell me Share Comments Times New... 12 Aa v AaBbCcDdE AaBbCcDdE AaBbCcD AaBbCcDdEt AaBb AaBbCcDdE AaBbCcDdEe Paste BIU A Normal No Spacing Heading 1 Heading 2 Title Subtitle Subtle Emph Styles Dictate Pane gistration, Calculation & Lodge Task 03 (2 marks) . GST Reglatration. Calou Glen's Manufacturing Pty Lid, a panel beating business reports and pays GST quarterly. The following tables summarise its sales and purchases over time. Invoice date Payment received Customer Amount [GS 13 May 2015 16 July 2015 30 June 2016 P Lang Inclusive) $3.300 23 June Kennedy $6.600 2015 30 June 2015 14 July 2016 D Jay 39.900 Purchases: Invoice date Payment date Supplier AFORW GST 12 Nov 2016 10 Jan 2017 Coloured Metal P/L 31.10 23 Mar 2016 11 April 30 June 2016 Oxy Supplies Pty Lid Tools Pty Lid $8.800 Required: a] Using the tables provided, determine which quarterly BAS period each of the following transactions would be reported in using: Cash method of reporting for GST Answers Accrual method of reporting for GST (0.50 Marks) aceived Customer Amount [GST Inclusive) 13-May-16 16-Jul-16 P Lang $3.300 23-Jun-16 30-Jun-16 J Kennedy $6,600 30-Jun-16 14-Jul-16 |D Jay $9.900 Purchases: wvoice date Payment date Supplier Amount (GST Inclusive) 12-Now-16 10-Jan-17 | Coloured Metal PIL $1.100 23-Mar-15 11-Apr-16|Oxy Supplies Pty Ltd $5.500 25-Jun-16 30-Jun-16 Tools Pty Lid $8.800 bj Calculate the net GST payable / (refundable) for the quarter ending 30* June 2016 if the entity reports GST an: Cash basis Accrual basis (0.50 Marks) Page 2 of 2 228 words English (Australia) Focus 61%