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Accounting
Given assets as #100000 and liabilities as #40000 ,determined the owner capital
Accounting
7.Which of the following instruments is used to inform the buyer how much is owed for the goods supplied?
(a)Order note
(b)Delivery note
(c)Receipt
(d)Invoice
8.Equity in business represents ______
(a)Creditor's interest
(b)Debtor's interest
(c)Employees' interest
(d)Ownership interest
9.Which of the following concepts is accounting equation based?
(a)Entity concept
(b)Accrual concept
(c)Cost concept
(d)Double-entry concept
10.The assumption that a business is not expected to be liquidated in the foreseeable future explains ____
(a)Entity concept
(b)Going concern concept
(c)Accrual concept
(d)Cost concept
(a)Order note
(b)Delivery note
(c)Receipt
(d)Invoice
8.Equity in business represents ______
(a)Creditor's interest
(b)Debtor's interest
(c)Employees' interest
(d)Ownership interest
9.Which of the following concepts is accounting equation based?
(a)Entity concept
(b)Accrual concept
(c)Cost concept
(d)Double-entry concept
10.The assumption that a business is not expected to be liquidated in the foreseeable future explains ____
(a)Entity concept
(b)Going concern concept
(c)Accrual concept
(d)Cost concept
Accounting
What are the main sources of information when considering financing and investing?
Accounting
t 1
Write a 3,000 word paper explaining the key sources of information and data required to calculate taxable income when preparing tax documentation for individuals and outline the key accounting principles and practices relevant to the preparation of taxation documentation.
In the paper consider and describe:
consultation with clientsuse of expert or specialist advice when necessarythe rules and principles of Australian tax lawthe legislation, regulations and organisational policies and procedures that must be adhered toethical issues relevant to the preparation of tax documentation for individual taxpayersconcepts and acceptability requirements relating to income, assets, deductions, tax rebates and offsets -that is, what should be includeddifferent forms of taxationprocedures and timeframes for completing, recording and submitting documentation
Write a 3,000 word paper explaining the key sources of information and data required to calculate taxable income when preparing tax documentation for individuals and outline the key accounting principles and practices relevant to the preparation of taxation documentation.
In the paper consider and describe:
consultation with clientsuse of expert or specialist advice when necessarythe rules and principles of Australian tax lawthe legislation, regulations and organisational policies and procedures that must be adhered toethical issues relevant to the preparation of tax documentation for individual taxpayersconcepts and acceptability requirements relating to income, assets, deductions, tax rebates and offsets -that is, what should be includeddifferent forms of taxationprocedures and timeframes for completing, recording and submitting documentation
Accounting
How are business expenses treated in regards to tax legislation?
Accounting
Describe the different types of financial options that are available for different clients related to the provision of business performance information
Accounting
Describe (350 words) four expectations the ATO has of taxpayers.
Accounting
List seven organisational policies and procedures that would relate to the preparation of tax documentation for individual taxpayers
Accounting
Xiaolin is an employee of Carlson Ltd. Throughout the tax year 2016/17, Carlson Ltd
provided Xiaolin with a mobile telephone that cost £200, private medical insurance at a
cost to Carlson Ltd of £3,000 per year and paid for Xiaolin’s son to attend a local public
school. The cost to Carlson Ltd for the school fees was £20,000.
Class 1A National Insurance contributions payable by Carlson Ltd on these employment
benefits during 2016/17 amounted to:
A. £2,760
B. £3,414
C. £0. Class 1A National Insurance contributions would not be payable by Carlson Ltd
D. £3,174
provided Xiaolin with a mobile telephone that cost £200, private medical insurance at a
cost to Carlson Ltd of £3,000 per year and paid for Xiaolin’s son to attend a local public
school. The cost to Carlson Ltd for the school fees was £20,000.
Class 1A National Insurance contributions payable by Carlson Ltd on these employment
benefits during 2016/17 amounted to:
A. £2,760
B. £3,414
C. £0. Class 1A National Insurance contributions would not be payable by Carlson Ltd
D. £3,174
Accounting
Shanahan Ltd is registered for VAT and is partially exempt. During the year the company
incurred input tax of £136,000. Of this, £100,000 was attributable to taxable supplies,
£13,000 was attributable to exempt supplies and £23,000 was unattributable. The total
VAT exclusive value of supplies made by Shanahan Ltd for the year was £975,000.
£100,000 of the £975,000 was in respect of zero rated supplies. £80,000 of the £975,000
was from exempt supplies. How much of Shanahan Ltd’s input tax is recoverable?
incurred input tax of £136,000. Of this, £100,000 was attributable to taxable supplies,
£13,000 was attributable to exempt supplies and £23,000 was unattributable. The total
VAT exclusive value of supplies made by Shanahan Ltd for the year was £975,000.
£100,000 of the £975,000 was in respect of zero rated supplies. £80,000 of the £975,000
was from exempt supplies. How much of Shanahan Ltd’s input tax is recoverable?
