Question: Part b (2 Marks) Neptune Sales P/L has provided an extract of their forecasted cash flow: Extracted forecasted cash flow December January February March Estimated

 Part b (2 Marks) Neptune Sales P/L has provided an extract

Part b (2 Marks) Neptune Sales P/L has provided an extract of their forecasted cash flow: Extracted forecasted cash flow December January February March Estimated Closing bank balance $20,000 ($50,000) ($40,000) $10,000 You have already prepared the BAS for the December quarter, the payment due amount has been calculated in part a. Required: a) Neptune Sales P/L reports and pays GST quarterly. From the above information what would you bring to the attention of your client regarding the payment of the net GST amount calculated in part a? b) What action could Neptune Sales P/L take to meet their BAS payment obligations

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