Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Invoice date Payment received Customer Amount (GST Inclusive) 13 May 2018 16 July 2018 Polco J $3,300 23 June 2018 30 June 2018 Timber T

Invoice date

Payment received

Customer

Amount (GST Inclusive)

13 May 2018

16 July 2018

Polco J

$3,300

23 June 2018

30 June 2018

Timber T

$8,800

30 June 2018

14 July 2018

Jayden T

$9,900

Using the information provided above, determine the quarterly Australian BAS period each of the above transactions would be reported if the business is using:

ii) Accrual method of reporting for GST

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions