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What are taxable sales

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What are taxable sales? Provide two examples.

A business purchases 10 digital televisions for use in its offices. When the televisions arrive at the workplace the owner of the business decides that one will be taken home. The total cost of the acquisition was $26,500 (GST inclusive). Describe how you would process this to comply with taxation reporting requirements. How much input tax credit could be claimed, what would be the BAS code for the acquisition?
It is necessary to process accounting data to comply with tax reporting requirements. What accounting data should be recorded in an organisation and why should it be recorded?

Reference no: EM132681474

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What are taxable sales : What are taxable sales? Provide two examples.

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What are taxable sales

Reference no: EM132681474

Reference no: EM132681474

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