FINANCIAL ACCOUNTING
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

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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