Question

What is a mixed supply? (Accounting) 80–100 words

(Please note: Australian Tax)

Answer 1

Mixed supply is a supply of two or more goods or services at a time with a single price.
Mixed Supply is also known as bundled supply as it is it contains a bundle of goods or services together.
Under Australian taxation the definition of the mixed supply would be the same as defined.

For tax purpose, the tax rate applicable to mixed supply would be the rate of item with the highest tax rate and the main item would also be the item with the highest tax rate.
The items in the mixed supply could also be supplied separately and are not depend dependent on each other.

answered by: anonymous