question archive Hey how are you ? I am required to elaborate BUSINESS ACTIVITY STATEMENT WITH THE FOLLOWING INFORMATION TOTAL INVOICES from october to december 2018 $ 20175 TOTAL GST $1834 Expenses Oct to Dec 2018 Bank fees $ 123
Hey how are you ? I am required to elaborate BUSINESS ACTIVITY STATEMENT WITH THE FOLLOWING INFORMATION TOTAL INVOICES from october to december 2018 $ 20175 TOTAL GST $1834 Expenses Oct to Dec 2018 Bank fees $ 123
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Hey how are you ?
I am required to elaborate BUSINESS ACTIVITY STATEMENT WITH THE FOLLOWING INFORMATION
TOTAL INVOICES from october to december 2018 $ 20175
TOTAL GST $1834
Expenses Oct to Dec 2018 Bank fees $ 123.09 Citilink and east link $ 842.65 Diesel Fuel $ 745.08 Donation $ 25.00 Equipment $ 44.54 Gas Fuel $ 1,634.16 General expenses $ 362.42 Hardware $ 255.86 Insurance $ 582.77 Light,power, heating $ 263.04 Marketing $ 266.57 Motor vehicle expenses $ 159.09 Office expenses $ 107.02 Parking $ 279.75 Printing and Stationery $ 44.62 Registration $ 206.88 Rent $ 295.00 Superannuation $ 1,408.00 Telephone and internet $ 1,053.00 Travel- National $ 25.20 Wages and Salaries $ 5,008.45 Total Operating expenses $ 13,732.19
I would like to know how to classify those expenses for the business activity statement
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The categorization criteria for a business activity related expenses are basically of three types and they are Fixed, Variable and Periodic.
On this basis lets classify the above expenses given,
1) Bank fees of 123.09 - Variable expense
2) Citilink and east link of $ 842.65 - Variable expense
3) Diesel Fuel of $ 745.08 - Variable Expense
4) Donation of $ 25.00 - Periodic Expense
5) Equipment of $44.54 - Periodic Expense
6) Gas Fuel of $ 1634.16 - Variable Expense
7) General Expenses of $ 362.42 - Variable Expense
8) Hardware of $ 255.86 - Periodic Expense
9) Insurance of $ 582.77 - Fixed Expense
10) Light, Power, heating of $ 263.04 - Variable Expense
11) Marketing of $ 266.57 - Variable Expense
12) Motor Vehicle expenses of $ 159.09 - Variable Expense
13) Office expenses of $107.02 - Variable Expense
14) Parking of $ 279.75 - Variable Expense
15) Printing & stationery of $ 44.62 - Variable Expense
16) Registration of $ 206.88 - Periodic Expense
17) Rent of $ 295.00 - Fixed Expense
18) Superannuation of $ 1408.00 - Periodic Expense
19) Telephone and internet of $ 1053 - Fixed Expense
20) Travel - National of $ 25.20 - Variable Expense
21) Wages and Salaries of $5,008.45 - Variable Expense
22) Total operating expenses of $ 13,732.19 - Variable Expenses
The above mentioned is the classification for each of the expense specified into fixed, variable and periodic expenses in the business activity statement.
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