BUSINESS ACTIVITY STATEMENT

FratBro23
Category:
Accounting
Price: $10 USD

Question description

You have found the following journal entry in your books for the previous quarter.

DR Motor Vehicle   10,000

DR GST  1,000

CR Cash at Bank  11,000

In reviewing the paperwork, you realised that the vehicle was purchased from a private owner who was not registered for GST.

what is the adjusting journal entry 

what will be the impact on next BAS 

Tutor Answer

(Top Tutor) Daniel C.
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School: UCLA
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