A manufacturing company, with an annual turnover of $150 million, receives a deposit of $30,000 for goods
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Question:
A manufacturing company, with an annual turnover of $150 million, receives a deposit of $30,000 for goods costing $250,000. The deposit is received on 30 June, the goods and tax invoice are delivered in September and the balance of the purchase price will be received in October. In which month GST should be paid?
Select one:
a. October
b. June
c. November
d. September
Related Book For
Managerial Accounting Decision Making and Performance Management
ISBN: 978-0273764489
4th edition
Authors: Ray Proctor
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