Alright, I'll try to be online as much as possible to help with Accounting Questions!
This place has been a ghost town for the past 11 months
I'll try revive it;
Summarised information;
Question concerns the budgeted cash flow statement for operating activities.
GST collected from cash sales is $18,700
GST paid is $19,445
They have told us that balance at the END is $11,105 and NO information has been provided for the START.
So if those are the only transactions that involve GST and we reconstruct the ledger, we should have a debit entry cross referenced 'bank' for $11,850. This figure representing a refund from ATO.
However, as the answers didn't include this entry, I'm not too sure whether I overlooked a key step.