solved:1. List three types of records that a company must keep for

  

1. List three types of records that a company must keep for tax… 1. List three types of records that a company must keep for tax purposes.2. Explain why the ATO conducts audits.3. List three key principles that should be followed when managing a work team.4. Describe the difference between a static and a flexible budget.5. Explain the relevance of electronic spreadsheets to budgeting.6. Outline how often business’ must report GST.7. Describe the following terms associated with financial statements.Cashflow StatementBalance SheetsLedgersProfit and Loss Statements8. Describe a method that can be used to evaluate a budget or financial plan.BusinessManagementProject Management PROJECT MA BSB304