BSBFIM501 Manage budgets and financial plans - Assessment 4 Task C

Task C

Soon you will need to prepare a Business Activity Statement (BAS) for the first quarter on 2012/13.

Complete the following.

1. State how many years you will need to keep GST records in order to satisfy ATO
requirements. 2. Complete the GST budget on the following page to anticipate GST liability.

a) Cash receipts 

b) Cash payments 

c) GST liability