Question: In the table below identify which activities would be regarded as a BAS service: Activity BAS service (Yes or No) Entering purchase invoices to a
In the table below identify which activities would be regarded as a BAS service: Activity BAS service (Yes or No) Entering purchase invoices to a computerised accounting system and choose GST codes Yes No Calculating PAYG on wages payable Yes No Writing up a manual cash book with a GST column Yes No Reconciling the bank account (no additional entries) Yes No Preparing sales invoices which include GST Yes No Setting up a MYOB file with GST codes on accounts Yes No Calculating LCT payable for a car dealer Yes No Calculating the PAYG instalment for a sole trader not registered for GST Yes No
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To answer this question we need to understand what a BAS service is A BAS Business Activity Statement service primarily involves tasks directly relate... View full answer
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