Complete the following table by placing a P to indicate reporting requirements. BAS and IAS reporting requirements Gross annual turnover of sales Quarterly reporting Monthly reporting Cash payer Accruals payer Less than $2 million         More than $2 million         Less than $20 million         More than $20 million         Annual PAYG withholdings         Less than $25,000         More than $25,000         FBT liability greater than $3,000

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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35. Complete the following table by placing a P to indicate reporting requirements.

BAS and IAS reporting requirements

Gross annual turnover of sales

Quarterly reporting

Monthly reporting

Cash payer

Accruals payer

Less than $2 million

 

 

 

 

More than $2 million

 

 

 

 

Less than $20 million

 

 

 

 

More than $20 million

 

 

 

 

Annual PAYG withholdings

 

 

 

 

Less than $25,000

 

 

 

 

More than $25,000

 

 

 

 

FBT liability greater than $3,000

 

 

 

 

 

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