Question
Marcus runs a business selling reclining chairs. He buys 540 chairs for $55 each (including GST) and sells for $85 each (inc GST). He is
Marcus runs a business selling reclining chairs. He buys 540 chairs for $55 each (including GST) and sells for $85 each (inc GST).
He is registered for GST credits. How much is he liable to remit to the ATO assuming all the chairs are sold?
For all answers (unless otherwise indicated), please round your answer to the nearest dollar and use numerals only eg 9999
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Data And Analytics In Accounting An Integrated Approach
Authors: Guido Geerts, Ann C. Dzuranin, Margarita Lenk
1st Edition
1119722993, 978-1119722991
