B-05 Activity Statement: Refunds

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Test your knowledge on activity statements refunds

Créé par

Kathy Thompson

Australia

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Froggy Jumps B-05 Activity Statement: RefundsVersion en ligne Test your knowledge on activity statements refunds par Kathy Thompson 1 What is a common cause of an incorrect refund? a Client lost the ATO refund cheque b Incorrect Financial Institution Account (FIA) c Incorrect name on the Financial Institution Account (FIA) 2 What is a common reason for a BAS to have a credit amount at Label 9? a Greater amount of sales than purchases b Greater amount of purchases than sales c 3 What date would you check to confirm a refund will show in the taxpayer's bank account? a Effective date b Process date c Start date 4 Where to you check to see if there is an error code on an activity statement? a Client Contact History in Siebel b Event History in IPS c Client Calendar in ICP 5 Can a taxpayer receive a cheque if they have closed their bank account but not yet cancelled their ABN? a Yes b No c 6 What does DRI mean in the ATO? a Differential Rate of Interest b Data Routing Interface c Delayed Refund Interest 7 What system would you check for a paper AS lodgement when IPS shows status as despatched? a Siebel b ICP c ATOMS 8 Can a company have a bank account listed on the ICA in the name of the public officer? a Yes b No c 9 Will a refund on the ICA issue if there is an outstanding Activity Statement a Yes b No c 10 If bank account for a partnership is in the name of at least one of the partners, is it eligible? a Yes b No c

Froggy Jumps

B-05 Activity Statement: RefundsVersion en ligne

Test your knowledge on activity statements refunds

par Kathy Thompson

What is a common cause of an incorrect refund?

Client lost the ATO refund cheque

Incorrect Financial Institution Account (FIA)

Incorrect name on the Financial Institution Account (FIA)

What is a common reason for a BAS to have a credit amount at Label 9?

Greater amount of sales than purchases

Greater amount of purchases than sales

What date would you check to confirm a refund will show in the taxpayer's bank account?

Effective date

Process date

Start date

Where to you check to see if there is an error code on an activity statement?

Client Contact History in Siebel

Event History in IPS

Client Calendar in ICP

Can a taxpayer receive a cheque if they have closed their bank account but not yet cancelled their ABN?

Yes

What does DRI mean in the ATO?

Differential Rate of Interest

Data Routing Interface

Delayed Refund Interest

What system would you check for a paper AS lodgement when IPS shows status as despatched?

Siebel

ICP

ATOMS

Can a company have a bank account listed on the ICA in the name of the public officer?

Yes

Will a refund on the ICA issue if there is an outstanding Activity Statement

Yes

If bank account for a partnership is in the name of at least one of the partners, is it eligible?

Yes

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B-05 Activity Statement: Refunds

Froggy Jumps

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

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B-05 Activity Statement: RefundsVersion en ligne

par Kathy Thompson

What is a common cause of an incorrect refund?

What is a common reason for a BAS to have a credit amount at Label 9?

What date would you check to confirm a refund will show in the taxpayer's bank account?

Where to you check to see if there is an error code on an activity statement?

Can a taxpayer receive a cheque if they have closed their bank account but not yet cancelled their ABN?

What does DRI mean in the ATO?

What system would you check for a paper AS lodgement when IPS shows status as despatched?

Can a company have a bank account listed on the ICA in the name of the public officer?

Will a refund on the ICA issue if there is an outstanding Activity Statement

If bank account for a partnership is in the name of at least one of the partners, is it eligible?