Delta Pty Ltd provides Electrical services. For the quarter ended 31 March 2023 income and expenses...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Delta Pty Ltd provides Electrical services. For the quarter ended 31 March 2023 income and expenses are as shown under. The amounts are inclusive of GST. Income Service Income Interest Earned ss Rent for Storage Telephone Expense Tools & Equipment S Government Grant Received S Expenses Accounting Fees ASIC Purchase of Electrical Supplies Payment to Subcontractor (Registered for GST) Wages of Staff Superannuation for Staff $ 55 $ $ $ S ssssssssssss S $ $ 176,000.00 4,000.00 10,000.00 1,100.00 273.00 46,200.00 6,600.00 9,200.00 874.00 19,800.00 660.00 5,302.00 Required: Calculate Delta Pty Ltd's GST payable or refundable for the quarter. Delta Pty Ltd provides Electrical services. For the quarter ended 31 March 2023 income and expenses are as shown under. The amounts are inclusive of GST. Income Service Income Interest Earned ss Rent for Storage Telephone Expense Tools & Equipment S Government Grant Received S Expenses Accounting Fees ASIC Purchase of Electrical Supplies Payment to Subcontractor (Registered for GST) Wages of Staff Superannuation for Staff $ 55 $ $ $ S ssssssssssss S $ $ 176,000.00 4,000.00 10,000.00 1,100.00 273.00 46,200.00 6,600.00 9,200.00 874.00 19,800.00 660.00 5,302.00 Required: Calculate Delta Pty Ltd's GST payable or refundable for the quarter.
Expert Answer:
Answer rating: 100% (QA)
Calculate Delta Pty Ltds GST Goods and Services Tax payable or refundable for the quarter it is need... View the full answer
Related Book For
Financial Accounting Information For Decisions
ISBN: 9781260705584
10th Edition
Authors: John J. Wild
Posted Date:
Students also viewed these accounting questions
-
In the face of your supervisor's directive to eliminate certain sections of findings from the report, how would you apply the Ethical Decision-Making Model to align your response with the NASW Code...
-
Shelly Johnson has been a self-employed builder since 2000. He registered for VAT on 1 January 2021 and is in the process of completing his VAT return for the quarter ended 31 March 2021. The...
-
Sunny-day Ltd is a company registered for Value Added Tax (VAT) in the United Kingdom. The following information is available in respect of Sunny-day Ltds VAT for the quarter ended 31 March 2021:...
-
Comparative income statements are available for Johanna's Fine Furs: Required Perform horizontal and vertical analyses on each of the items in the above comparative income statements. Round...
-
A right triangle with legs of lengths x and y has its area given by A = 1 / 2 xy If the rate of change of x is 2 units per minute and the rate of change of y is 5 units per minute, find the rate of...
-
As part of the process for improving the quality of their cars, Toyota engineers have identified a potential improvement to the process that makes a washer that is used in the accelerator assembly....
-
Calculate the annual payments for a solar system whose initial extra cost is \(\$ 10,000\). Assume that the interest rate is \(8 \%\) and the mortgage term is 15 years.
-
MTI makes three types of lawn tractors: M3100, M4100, and M6100. In the past, it allocated overhead to products using machine-hours. Last year, the company produced 10,000 units of M3100, 17,500...
-
Google current united states national debt. Write the current national debt in standard form and scientific notation below 31.419 trillion U.S. dollars(31,419,000,000,000) =31.419 x 10^12 If we...
-
Compare the plans developed in Exercise 7.33 in terms of average fraction inspected and their operating-characteristic curves. Which plan would you prefer if ? Exercise 7.33 Suppose that CSP-1 is...
-
You work as a management consultant and one of your clients, Planet Pets, has asked you to complete a few planning and control initiatives that they would like to put in place with your help. These...
-
For each of the discrete signals below, determine whether they are periodic or not. Calculate the periods of those that are periodic. (a) \(x(n)=\cos ^{2}\left(\frac{2 \pi}{15} n ight)\) (b)...
-
The rigid system in Fig. 12.17 consi sts of a homogeneous bent bar (thick line), of negligible cross section, total mass \(m=5.00 \mathrm{~kg}\) and total length \(L=1.10 \mathrm{~m}\). The two...
-
Characterize the systems below as linear/nonlinear, causal/noncausal and time invariant/time varying: (a) \(y(n)=(n+a)^{2} x(n+4)\) (b) \(y(n)=a x(n+1)\) (c) \(y(n)=x(n+1)+x^{3}(n-1)\) (d)...
-
Compute the convolution sum of the following pairs of sequences: (a) \(x(n)=\left\{\begin{array}{ll}1, & 0 \leq n \leq 4 \\ 0, & \text { otherwise }\end{array} \quad ight.\) and \(\quad h(n)=...
-
A sample of size 64 has standard deviation \(s=3.6\). Approximately how large a sample is needed so that a \(99 \%\) confidence interval will specify the mean to within \(\pm 1.0\) ?
-
8. Wakeem funded a software company he started by contributing nothing more than the software code he wrote in college. Wakeem formed an LLC and through VC financing in exchange for 25% of the firm's...
-
a. Determine the domain and range of the following functions.b. Graph each function using a graphing utility. Be sure to experiment with the window and orientation to give the best perspective of the...
-
1. Prepare the journal entry to record Tamas Companys issuance of 5,000 shares of $100 par value, 7% cumulative preferred stock for $102 cash per share. 2. Assuming the facts in part 1, if Tamas...
-
Quatro Co. issues bonds dated January 1, 2020, with a par value of $400,000. The bonds annual contract rate is 13%, and interest is paid semiannually on June 30 and December 31. The bonds mature in...
-
Key comparative figures for both Apple and Google follow. Required 1. What is the total amount of assets invested for the current year in (a) Apple and (b) Google? 2. What is the current-year return...
-
The consistent mass matrix of a bar element is given by a. \(\frac{ho A l}{6}\left[\begin{array}{ll}2 & 1 \\ 1 & 2\end{array} ight]\) b. \(\frac{ho A l}{6}\left[\begin{array}{rr}2 & -1 \\ -1 &...
-
How are fixed boundary conditions incorporated in the finite element equations?
-
True or False. The system mass matrix is always singular unless the boundary conditions are incorporated.
Study smarter with the SolutionInn App