Question
Task 2 - Scenario A business purchases 10 digital televisions for use in its offices. When the televisions arrive at the workplace the owner of
Task 2 - Scenario
A business purchases 10 digital televisions for use in its offices. When the televisions arrive at the workplace the owner of the business decides that one will be taken home. The total cost of the acquisition was $26 500 (inc GST).
a.Explain how you would process this to comply with taxation reporting requirements.
b.How much input tax credit could be claimed?
c.What would be the BAS code for the acquisition?
d. Why would you code it there?
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Accounting For Construction Frameworks Productivity Cost And Performance
Authors: Rick Best, Jim Meikle
1st Edition
1138293970, 978-1138293977
