Question 1

What needs to be done before we complete a Business Activity Statement (BAS) for Nile Books?

i) Define which items will appear on the BAS

ii) Find the information on the wages paid for the quarter

iii) Go to Chart of Accounts -> Main Dashboard -> Settings -> Add Bank Account -> Select the Bank Account

Select one:

a. i and ii

b. I, ii, iii

c. i

d. ii

Question 2

Reporting sales in the current period which have not yet shipped so that annual sales figures are inflated is an example of:

Select one:

a. non-existent customers.

b. credit fraud.

c. non-existent sales.

d. inventory theft.

Question 3

Which one best describes open source software?

Select one:

a. It is developed by Rapid Application Development (RAD)

b. It is available for free

c. It is developed by prototyping

d. The source code is available