Task 2 - Scenario A business purchases 10 digital televisions for use in...
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Accounting
Task 2 - Scenario
A business purchases 10 digital televisions for use in its offices. When the televisions arrive at the workplace the owner of the business decides that one will be taken home. The total cost of the acquisition was $26 500 (inc GST).
a.Explain how you would process this to comply with taxation reporting requirements.
b.How much input tax credit could be claimed?
c.What would be the BAS code for the acquisition?
d. Why would you code it there?
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