ductionThe purpose of this exercise is to prepare our students with real life examples testing yourmanual bookkeeping skills, using your software application knowledge.All work performed is on account (unless stated otherwise) and GST of 5% is charged(whereverapplicable). All input Tax Credits and all amounts charged are to be recoded in GST Payable.Remember GST is NOT recoverable for personal expenses paid by the company and is NOTrecoverable on golfing and is only 50% recoverable for meals and entertainment.All billings sent to use are subject to GST and all supplier invoices are to be paid on ourinstruction. If we have written a cheque or one should be sent we will inform you accordingly.All costs of printed course material are to be expensed if it is for a customized course as werarely have a second use for customized material. Recorded as inventory at the time of purchaseare instructional booklets, as we can return these materials or use them again. Inventory is notadjusted until year end.All staff is on contract and each has a GST number. We pay them and ourselves $400/day plusmileage at $0.50/km beginning this month as they all travel to their teaching sites. We summarizetheir invoices for you on a spread