Three Beans is a cafe located in Glebe. Sydney, and is registered for GST. The financial...
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Three Beans is a cafe located in Glebe. Sydney, and is registered for GST. The financial statement for the quarter ended April 2022 shows the following: Sales Hot food Coffee and Tea Cost of Goods Fresh ingredients Rent Staff wages S 66,000 9,000 20.000 11,000 12,000 Container (bags and 550 cups) New Coffee Machine 18,000* (Imported from Italy) * Price includes insurance and transport costs Required: Calculate GST payable/refundable for the April quarter your answer must be supported by reference to legislation, caselaw and rulings (if any) Three Beans is a cafe located in Glebe. Sydney, and is registered for GST. The financial statement for the quarter ended April 2022 shows the following: Sales Hot food Coffee and Tea Cost of Goods Fresh ingredients Rent Staff wages S 66,000 9,000 20.000 11,000 12,000 Container (bags and 550 cups) New Coffee Machine 18,000* (Imported from Italy) * Price includes insurance and transport costs Required: Calculate GST payable/refundable for the April quarter your answer must be supported by reference to legislation, caselaw and rulings (if any)
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Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
Posted Date:
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