Accounting & Auditing

• What are the three primary types of financial statements?
• What are common tax credits?
• Is a higher or lower CCC better?
• Will IRS transcript show amended return?
• What are red flags to the IRS?
• Who is the biggest audit client of BDO?
• What is the $600 cash rule in the IRS?
• Do I get a stimulus check if I didn't file taxes?
• What is closing accounts at the end of the year?
• Is a 75% on the CPA exam passing?
• Should I lease a car under my LLC?
• Which authority is responsible for GST?
• What accounts are not closed during the closing process?
• Can anyone be called an accountant?
• Is GST mandatory for turnover?
• What does the IRS consider a professional fee?
• What if my LLC has no income but expenses?
• How to calculate gross margin (%)?
• What is a basic proof of cash?
• What are the 8 branches of accounting?
• Which of the following is not considered an adjustment?
• What happens when a company writes off a bad debt?
• What are five goods on which no VAT is charged?
• How are VAT returns checked?
• Why do you divide by 1.2 for VAT?