Provide answers to all of the questions below. 1. Explain the basic principle of double entry bookkeeping. 2. Describe the principle of cash accounting and one advantage and one disadvantage of this method of accounting. 3 Describe the principle of accrual accounting and one advantage and one disadvantage of cash accounting 4 Explain the two accounting principles on which the calculation and reporting of deprecation is based 5. Identify and explain three key features of A New Tax System (GST) Act 1999. 6. Identify and then explain the four main taxation and superannuateon obligations for a business. Briefly discuss each obligation. 7. According to GST legislation, list four items that do not attract GST. 8 Explain the process by which a business reports GST to the Australian tax office. 9. What is the penalty rate to be applied if a supplier does not provide an ABN? 10. A non-profit organisation needs to register for GST after it has a turnover of more than how much? 11. List the key information that must be included on a tax invoice for sales of $1,000 or more