What are the record keeping requirements by the business

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Question -

a) What are the record keeping requirements by the business? What process would you follow in your business to record keeping and filing of calculations?

b) What is Good and Services Tax (GST) and what are the requirements for GST?

c) If you buy an item for $121 inclusive of GST, how much GST did you pay?

d) GST amount for an item that costs $150 excluding GST. Calculate the price of an item that costs $200 excluding GST.

Reference no: EM132431761

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