BSBFIM501 Question 2

Question 2 - Record keeping It is important for a business to keep good records. a. Go the ATO website and find the 5 rules for keeping records. List the basis of the rules below (ie not the detail). Provide the link for the source of information. 1. 2. 3. 4. 5. URL for source: b. Consider and give 3 methods or tools that you could use in a small business to maintain necessary business records. 1. 2. 3. c. Explain three benefits or uses of maintaining accurate business records. 1. 2. mi