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We Got The Goods Pty Ltd is a home dcor retailer. It buys and sells a range of gifts, such as candles, cards, homeware and
We Got The Goods Pty Ltd is a home dcor retailer. It buys and sells a range of gifts, such as candles, cards, homeware and dcor. For the year ended 2023, the business derived gross sales of $2,200,000. Its purchases totalled $1,280,000. Opening stock at 1 July 2022 was $300,000 and closing stock at 30 June 2023 was $360,000. What are the tax consequences of the trading stock purchased and sold?
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Accounting Business Reporting For Decision Making
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
4th Edition
978-0730302414, 0730302415
