BG Plumbers accounts for GST on a cash basis. What amount of GST can BG Plumbers claim in the most recent tax period if the following information is obtained: Expenses paid of $8,800 to registered suppliers; Expenses of $2,000 paid to unregistered suppliers; Expenses of $4,400 for which invoices have been received but these invoices have not been paid as yet.

Question

Quizplus · Accepted Answer

The Answer of BG Plumbers accounts for GST on a cash basis. What amount of GST can BG Plumbers claim in the most recent tax period if the following information is obtained: Expenses paid of $8,800 to registered suppliers; Expenses of $2,000 paid to unregistered suppliers; Expenses of $4,400 for which invoices have been received but these invoices have not been paid as yet.

BG Plumbers Accounts for GST on a Cash Basis