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  3. 1. during the 2020 tax year, a shop bought 50 item

1. During the 2020 tax year, a shop bought 50 items of trading stock costing...

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Accounting

1. During the 2020 tax year, a shop bought 50 items of trading stock costing $70 each and sold 35 of these items for $165 each. All amounts are inclusive of GST where relevant.

Required: Calculate and explain how much GST will be remitted to the ATO based on the above information.

Can you please give me the answer with in 15 minutes please

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