Question
(Please note: Australian Tax ) Using the information provided, complete the simulated BAS. Assume a quarterly reporting requirement for the period ended 30 September. General
(Please note: Australian Tax )
Using the information provided, complete the simulated BAS. Assume a quarterly reporting requirement for the period ended 30 September.
General ledger
6011Salaries and Wages
Date | Docket | Details | Debit | Credit | Balance |
---|---|---|---|---|---|
1 Jul | Opening Balance | 0.00 | |||
31 Jul | Wages paid | 12,000.00 | 12,000.00 | ||
31 Aug | Wages paid | 12,000.00 | 24,000.00 | ||
30 Sep | Wages paid | 12,000.00 | 36,000.00 |
2031PAYG withholdings
Date | Docket | Details | Debit | Credit | Balance |
---|---|---|---|---|---|
1 Jul | Opening Balance | 0.00 | |||
31 Jul | PAYG withheld | 1,850.00 | 1,850.00 | ||
31 Aug | PAYG withheld | 1,850.00 | 3,700.00 | ||
30 Sep | PAYG withheld | 1,850.00 | 5,550.00 |
2032PAYG Withholdings no ABN
Date | Docket | Details | Debit | Credit | Balance |
---|---|---|---|---|---|
1 Jul | Opening Balance | 0.00 | |||
31 Jul | Withholding | 0.00 | 0.00 | ||
31 Aug | Withholding | 275.00 | 275.00 | ||
30 Sep | Withholding | 0.00 | 275.00 |
2033PAYG Other withholding
Date | Docket | Details | Debit | Credit | Balance |
---|---|---|---|---|---|
1 Jul | Opening Balance | 0.00 | |||
31 Jul | Withholding | 74.00 | 74.00 | ||
31 Aug | Withholding | 0.00 | 74.00 | ||
30 Sep | Withholding | 0.00 | 74.00 |
BAS
PAYG tax withheld | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Total salary, wages and other payments | W1 | $ | .00 | |||||||||
Amount withheld from payments shown at W1 | W2 | $ | .00 | |||||||||
Amount withheld where no ABN is quoted | W4 | $ | .00 | |||||||||
Other amounts withheld (excluding any amount shown at W2 or W4) | W3 | $ | .00 | |||||||||
Total amounts withheld (W2 + W4 + W3) | W5 | $ | .00 | |||||||||
Write the W5 amount at 4 in the Summary section below |
Summary Amounts you owe the Tax Office | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
GST on sales or GST instalment | 1A | $ | .00 | |||||||||
PAYG tax withheld | 4 | $ | .00 | |||||||||
PAYG income tax instalment | 5A | $ | .00 | |||||||||
Deferred company/ fund instalment | 7 | $ | .00 | |||||||||
1A + 4 + 5A + 7 | 8A | $ | .00
|
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