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Q1. Explain the principle of the accounting entity concept. Q2. Explain the key aspects of the reliability principle for accounting purposes Q3. What is the

Q1. Explain the principle of the accounting entity concept.

Q2. Explain the key aspects of the reliability principle for accounting purposes

Q3. What is the Going Concern Principle?

Q4. What is meant by "financial probity"? What would this require from a business?

Q5. List the 2 categories of Fringe Benefits and explain how these differ:

Q6. What is payroll tax? What are the provisions and requirements for payroll tax?

Q7. What is Wine Equalisation Tax (WET)? How is this calculated and claimed by a business?

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