Finance Answers

The activity statement allows a business to calculate obligations, allowing a single payment or refund for each reporting/ payment period, across the taxes.

For example, if in a quarterly reporting/ payment period, a business had:

a GST credit of $15,000
a PAYG instalment liability of $6,000
a PAYG withholding liability of $1,500, and
an FBT liability of $1,000
Would the business need to make any payments?

A firm uses two inpus, K and L to manufacture final product.. the price per unit of these inputs are sh. 20 and sh. 4 respectively. What combination of inputs should a firm use to maximize output given that thethe budget is fixed at sh. 390?

Why is it necessary to establish an accounting system to manage the taxation lodgement process?

Describe the information which will be contained in typical financial reports.

Describe the following:

Budgets.

Cash flows.

General ledgers.

Profit and loss statements.

What will determine how often you generate reports?

that is the whole question but its talking about financial reports and everything that could affect them like how much the company is earning or how they do tax, something along those lines

What are the possible consequences of taxpayers failing to correctly report an amount they are required to pay or meet other tax obligations?

How data might be consolidated or converted to allow it to be analysed?

Why is it important to report actual income and expenditure figures against budget figures at regular intervals?

How can accurate coding help an organisation to ensure consistency and quality in financial analysis?