Reference no: EM132690335
Questions -
1. Explain the basic principle of double entry bookkeeping.
2. Describe the principle of cash accounting and one advantage and one disadvantage of this method of accounting.
3. Describe the principle of accrual accounting and one advantage and one disadvantage of cash accounting
4. Explain the two accounting principles on which the calculation and reporting of deprecation is based.
5. Identify and explain three key features of A New Tax System (GST) Act 1999.
6. Identify and then explain the four main taxation and superannuation obligations for a business. Briefly discuss each obligation.
7. According to GST legislation, list four items that do not attract GST.
8. Explain the process by which a business reports GST to the Australian tax office.
9. What is the penalty rate to be applied if a supplier does not provide an ABN?
10. A non-profit organisation needs to register for GST after it has a turnover of more than how much?
11. List the key information that must be included on a tax invoice for sales of $1,000 or more.
12. Identify and explain three types of financial statements and their purpose.
13. Describe the type of entity that is required to have financial reports audited.
14. Explain the purpose of a financial audit and auditor's report.
15. Describe why companies may choose to develop budgets.
16. Explain the main steps in the budgeting process.
17. List 5 ways to improve cash inflow and give examples.
18. Explain the use of electronic spreadsheets in developing budgets and give two of their key features.
19. Explain three key principles relating to the management of a chart of accounts.
20. Explain the purpose of a profit and loss statement and give two of its key features.
|
Determine how much was baltimore revenue for the year
: How much was Baltimore's revenue for the year? Baltimore Company experienced a total increase in stockholders' equity of $24,000 during the current year.
|
|
Compute the cost of the firm common stock equity
: A firm has common stock with a market price of P55 per share and an expected dividend of P2.81 per share. Compute the cost of the firm common stock equity
|
|
Does the financial services industry lack diversity
: Does the Financial Services Industry Lack Diversity? What is the underlying problem in this case?
|
|
Rules change for telepresence meetings
: How would the rules change for telepresence meetings? Which type of meeting would you prefer?
|
|
Explain the basic principle of double entry bookkeeping
: Explain the basic principle of double entry bookkeeping. Explain the two accounting principles on which the calculation and reporting of deprecation is based
|
|
Provide information of positions
: Requirement: A business email to trainer that explaining what have you done to look for employment. Help notes below
|
|
What baltimore total liabilities and equity are
: Equipment $10,000, Accounts Payable $4,650, Prepaid Rent $2,000, Supplies $400, Bank Loan $3,950, and Tools $300. Baltimore's total liabilities are
|
|
How much would absorption costing operating income differ
: How much would absorption costing operating income differ between a plan to produce 6,000 units and a plan to produce 7,700 units
|
|
Determine whether variable costing operating income is less
: Determine whether variable costing operating income is less than or greater than absorption costing operating income
|