Time let Freddy runs a business selling clocks. He buys 894 clocks for $44 each (including GST) and sells for $77 each (inc GST). He is registered for GST credits. How much should he remit to the ATO once all the clocks are sold? Answer:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 3
Freddy runs a business selling clocks. He buys 894 clocks for $44 each (including GST) and sells for $77 each (inc GST).
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He is registered for GST credits.
answered
How much should he remit to the ATO once all the clocks are sold?
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Answer:
evious page
ACC301 TAX LAW T1 2022
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Transcribed Image Text:Time left Question 3 Freddy runs a business selling clocks. He buys 894 clocks for $44 each (including GST) and sells for $77 each (inc GST). Not yet He is registered for GST credits. answered How much should he remit to the ATO once all the clocks are sold? Marked aut of P Flag guestion Answer: evious page ACC301 TAX LAW T1 2022 Jump to... Library's Online
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