18082019 aaa s1 作业

SherryChen

Key points of BAS:

1. Information from Balance Sheet, P&L Statement, Payroll Activity Summary & GST Summary Detail
2. Four sections: GST on sales & purchases, PAYG tax withheld (employee income), PAYG income tax (employer income) and summary
3. Beware of (no) decimal places
4. For GST, beware of GST and GST-free amounts
5. For PAYG Income Tax, based on the situation (making a profit or loss), use the correct rate and give reason code for variation
6. Don't use symbols on the final 'payment or refund amount'