The business has not registered with the ATO for the goods and services tax (GST) and has elected to use the accrual basis of accounting.
The business has not registered with the ATO for the goods and services tax (GST) and has elected to use the accrual basis of accounting. Transactions June 1 The owner opened a bank account for the business with a deposit of $25,900. This is capital provided by him. 1 Purchased display stands, shelving etc. (shop equipment) from Shop Displays Pty Ltd for $32,400 and computer […]
