FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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35. Complete the following table by placing a P to indicate reporting requirements.
BAS and IAS reporting requirements |
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Gross annual turnover of sales |
Quarterly reporting |
Monthly reporting |
Cash payer |
Accruals payer |
Less than $2 million |
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More than $2 million |
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Less than $20 million |
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More than $20 million |
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Annual PAYG withholdings |
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Less than $25,000 |
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More than $25,000 |
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FBT liability greater than $3,000 |
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