Part A (i) the fact arises on Arthur Murray(NS) Pty Ltd V FCT (1965) 114 CLR 314 is that the taxpayer sold prepaid dancing lessons with prepaid fees attributable in part to lessons to be provided in future income years. The commissioner assessed the tax payer on the basis that prepaid fees constituted income derived by the taxpayer when received. The high court concluded that amount received in respect of service to be provided in future years are not earned until the future obligations for which
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Budget Definition: An estimate of costs‚ revenues‚ and resources over a specified period‚ reflecting a reading of future financial conditions and goals. One of the most important administrative tools‚ a budget serves also as a (1) plan of action for achieving quantified objectives‚ (2) standard for measuring performance‚ and (3) device for coping with foreseeable adverse situation. What is a budget and why is it important? Simply put‚ a budget is an itemized summary of likely income and expenses
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issues including one being adding more pressure to the ‘Bed Crisis’. In 1955 there was 15‚000 beds available for service‚ in 2012‚ a re-evaluation was done and beds have dropped at least 40% being about 22‚300 beds available across the United Kingdom. Before the cuts‚ over the past 10 to 15 year’s of questions have been raised repeatedly about whether a minimum safe level of beds was reached (Bhugra 2013; cited through the kings fund 2015). When beds become unavailable to a patient‚ they usually get
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coming. Despite the crisis 2009 was a good year for BikeSmith‚ we as a company grew with 33.5%. Nobody grew that fast in 2009. During these hard times we achieved to make a profit. The profit for the first halve of 2009 is €9‚066‚790. We now see a big grow in our income compared to the €2‚562‚954 in the first halve of 2008. 2009 will be seen as a turning point for our company. We now see that we keep growing and that it is not a one-time thing. We know that the our debts will be gone in a couple
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TO BE USED WITH BOTH QUALIFICATIONS: BSB51207 DIPLOMA OF MARKETING and BSB51107 DIPLOMA OF MANAGEMENT Resource Management Manage Information Systems BSBINM501A BSBADM409A Manage Information or Knowledge Management Systems Coordinate Business Resources BSBSUS301A Implement and Monitor Environmentally Sustainable Practices BSBPUR301B Purchase Goods and Services BSBADM311A Maintain Business Resources ii This workbook has been designed for use in conjunction with
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Beds are Burning By Midnight Oil SOURCE 1 SONG FACTS This is a political song about giving native Australian lands back to the the Pintupi‚ who were among the very last people to come in from the desert. These ’last contact’ people began moving from the Gibson Desert to settlements and missions in the 1930s. More were forcibly moved during the 1950’s and 1960’s to the Papunya settlement. In 1981 they left to return to their own country and established the Kintore community which is nestled in the
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Periwinkle Pty Limited Case Study A Fringe Benefit is a form of pay that employees pay employees by providing the employee to enjoy certain privileges. Providing a company car for the employee to use is a commonly used fringe benefit that is made available for management and field work workers. Also‚ the company can decide to offer cheaper prices for its employees by availing the services and products to the employees. This allows the employee to access the products of the company at a price that
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How To Manage Our Money Wisely Community nowadays judges people by their wealth. They said that money is very important asset and those who have money will be well respect by others. Some people even said ‘no money no talk’. But nowadays‚ we always heard about the post graduate has declared bankrupt because they don’t pay back their study loan. So to prevent this matter from being spread‚ we should know how to manage our money wisely. There are several ways to manage our money wisely. Firstly
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Introduction A budget is a financial plan and a list of all planned expenses and revenues. It is a plan for saving‚ borrowing and spending. It is also an important concept in microeconomics‚ which uses a budget line to illustrate the trade-offs between two or more goods. In other terms‚ a budget is an organizational plan stated in monetary terms. But now-a-days a budget is something more than an estimate of revenue and expenditure. There is no alternative of budget for the implementation of development
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TO GOVERNMENT BUDGET UNDER THE FOURTH REPUBLIC: A STUDY OF THE NDC BETTER GHANA AGENDA PHASE I (2008- 2012) Introduction In almost all political systems‚ it is generally accepted that the executive has the primary role in developing an annual budget and presenting it to the legislature. The legislature has the right to review‚ debate‚ in some cases amend‚ and approve or reject the spending plan proposed by the executive. Within this broad framework‚ the actual workings of the budget process vary
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