Tech Gadgets Ltd. is a company began business on 1st July 2013 that sells electronic gadgets such as smartphones, laptops, and tablets. Tech Gadgets obtained the necessary ABN (77 333 555 888), CAN (333 555 888) and registered for the GST. Since an accounting system was not designed and established, a chart of accounts is required for this business.
The following transactions occurred during July 2023. The applicable GST rate is 10%.
you are required to explain the process you have followed to complete the assignment to your lecturer. (25 marks)