81 Cash Receipts Book Date Details Inv Rec Total Receipts Total Sales including

81 cash receipts book date details inv rec total

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T-1.8.1 Cash Receipts Book Date Details Inv/ Rec # Total Receipts Total Sales (including any GST) Amount of GST collected Non-capital amount (excluding GST) Capital amount (ie asset sales excluding GST) GST- Free Sales Input Taxed Sales Other Receipt s Banking 02/04 Fruit Sales 32,500.00 32,500.00 32,500.0 0 32,500.00 09/04 Cake Sales 22,000.00 22,000.00 2000.00 22,000.00 15/04 Fruit Sales 4,200.00 4,200.00 4,200.00 4,200.00 24/04 Cake Sales 109,450.0 0 109,450.00 9,950.00 109,450.0 0 30/04 Bank Interest 2,190.00 2,190.00 2,190.0 0 Total 170,430.0 0 170,430.00 11,950.00 36,700.0 0 2,190.0 0 168,150.0 0 Payroll and Business Activity Statement, Assessment 1, v1.2 Last Updated 16/09/2019 Page 26
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T-1.8.1 Cash Payment’s Book Date Detail Chq # Total Payment s Non- Capital Capita l GST Clai m Material s / stock Bank Fees Wages Super Capital incl P&E Privat e Use % Drawin g 04/0 4 Fruit Mkt 103 38,885.0 0 31,108.0 0 31,108 20% 7,777.0 0 08/0 4 Cake Supplies 104 14,095.0 0 11,276.0 0 1,025 10,251 20% 2,819.0 0 12/0 4 Tom.Wins 105 4,695.00 4,695.0 0 18/0 4 Cash Register 106 15,400.0 0 15,400 1,400 14,000.0 0 26/0 4 Superannuatio n 107 422.00 30/0 4 Bank Fees DD 300.00 300.00 300.00 Total 73,375.0 0 42,684.0 0 15,400 2,425 41,359 300.00 4,695.0 0 422.00 14,000.0 0 10,596. 00 Payroll and Business Activity Statement, Assessment 1, v1.2 Last Updated 16/09/2019 Page 27
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ABN XX XXX XXXXXX Choose No.1 option Summary Option 1 Quarterly GST report and pay Amounts you owe the ATO Total sales and income and other supplies including capital (GST inclusive) G1 170,340 GST on sales or GST instalment 1A 11,950 Wine equalisation tax 1C 0 Does this amount at G1 include GST? Mark with X X Luxury car tax 1E 0 Exports G2 0 PAYG tax withheld 4 1,236 Other GST-free supplies G3 36,700 PAYG income tax instalment 5A 2,322 Capital acquisitions (GST inclusive) G10 15,400 FBT instalment 6A 0 All other acquisitions (GST inclusive) G11 42,684.0 0 Fuel tax over claim 7C 0 1A + 4 + 5A + 6A + 7C 8A 15,508 Amounts the ATO owes you GST on purchases 1B 2,425 Wine equalisation tax refundable 1D 0 Luxury car tax refundable 1F 0 These boxes represent the various boxes on the BAS form Credit from PAYG income tax variation 5B 0 Credit from FBT variation 6B 0 Fuel tax credits 7D 0 1B + 5B + 6B + 7D 8B 2,425 Payment or refund? Is 8A more than 8B? (indicate with an X) Yes , then write the result of 8A minus 8B at 9. This is the amount payable to the ATO. X No , then write the result of 8B minus 8A at 9. This amount is refundable to you Business Activity Statement, Assessment 1, v1.1 Page 28
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(or offset against any other tax debt you have). Payment due 9 13,083 Task 07 (5 marks) - BAS using a classification worksheet Classification worksheet (Output) Account Details Output s Taxable Exports GST-Free Input Taxed Exclu ded Commercial rent received 6,600 6,600 Residential rent received 7,700 7,700 Sales of goods and services 51,100 51,100 Interest received 480 480 Dividends received Export sales 18,000 18,000 Sale of old photocopier 660 660 GST free sales 4619 4619 Total 89,159 58,360 18,000 4,619 8,180 GST Classification Worksheet Reference G1 G6 G2 G3 G4 Business Activity Statement, Assessment 1, v1.1 Page 29
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Classification worksheet (Input) Account Details Amount Capital Purchas es Non Capital Purcha ses Taxabl e Supply Input taxed GST- Free Exclud ed Wage & salaries (Gross) 60,000 60,000 Stationary 4,400 4,400 4,400 Depreciation 5,000 5,000 Accounting fees 3,300 3,300 3,300 Electrical repairs 550 550 550 Business insurance premiums 220 220 220 General expenses 990 990 990 Bank Charges 70 70 70 Motor vehicle operating costs 990 990 990 Telephone 550 550 550 Council and water rates 330 330 330 Residential rent expense 450 450 450 Business Activity Statement, Assessment 1, v1.1 Page 30
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