2 why might you need to make adjustments and what two

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2 Why might you need to make adjustments and what two types of adjustment are there? (50–60 words)
3 Are adjustments used to correct errors in a previous BAS? (20 words)
4 For what purpose are adjustments used? (50 words)
Activity 15 1 If a business has an annual turnover over $20 million, what options does it have on how to pay its GST obligations? By what method can it report and pay its GST? (20–40 words)
2 Businesses must complete BAS and/or IAS returns in accordance with the current statutory, legislative, regulatory and organisational schedule. How will you know what the schedule for a business is? (20–30 words)
3 A business makes payments and reports its obligations under the tax system using activity statements. What are some of the things that can be reported in an activity statement? List six.
Activity 16 1 Explain the benefits of maintaining control accounts. Conduct independent research as needed. (150–200 words)

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