Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 6 oreof 1 posts rod carries on a retail b

Question 6 Oreof 1 posts Rod carries on a retail business and is an SBE...

60.1K

Verified Solution

Question

Accounting

image
Question 6 Oreof 1 posts Rod carries on a retail business and is an SBE taxpayer. He was entitled to use the SBE trading stock concessions from 1 July 2019 when the opening value of his trading stock was $10,000. He made estimates of his trading stock at 30 June 2020 of 511,000, at 30 June 2021 of $15,000, at 30 June 2022 of $13,000 and ot 30 June 2023 of 14.000 sol In which year will he need to account for the changes in the value of trading stock as an 5 taxpayer? O 2020 O 2021 O 2022 O 2023 O No adjustment necessary

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students