When preparing a budget, A.GST is a necessary cost of doing business B.GST is only necessary for income items as this is remitted to the ATO C.GST needs to be factor as generally the amount owing to the ATO is greater than what the ATO owes D.GST is levied on all items of a business
When preparing a budget, A.GST is a necessary cost of doing business B.GST is only necessary for income items as this is remitted to the ATO C.GST needs to be factor as generally the amount owing to the ATO is greater than what the ATO owes D.GST is levied on all items of a business
Chapter7: Budgeting
Section: Chapter Questions
Problem 9Q: A company has prepared the operating budget and the cash budget. It is now preparing the budgeted...
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When preparing a budget,
A.GST is a necessary cost of doing business
B.GST is only necessary for income items as this is remitted to the ATO
C.GST needs to be factor as generally the amount owing to the ATO is greater than what the ATO owes
D.GST is levied on all items of a business
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