Goods and Services Tax

  1. Outline the industry-standard techniques and methods that should be used to complete the following routine calculations:

a. Goods and Services Tax (GST)

b. Simple interest

c. Compound interest

d. Basic loan calculations

e. Straight line depreciation

  1. Identify the typical computational errors that can occur when performing calculations, and for each outline explain the ways in which you would check for these errors
  2. Identify the equipment and software required to conduct routine financial calculations, and discuss their key features

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