Question: a. What are the basic records that a business needs to keep for tax purposes? Write your answer in 100-150 words. b. As per ASIC,

a. What are the basic records that a business needs to keep for tax purposes? Write your answer in 100-150 words. b. As per ASIC, what are the financial reporting obligations of a company for auditing purpose? Write your answer in 80-120 words

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