been asked to provide a training sessiondraft to new Audit Juniors on Accountants responsibilities to the subject

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A: Introduction General Consumption Tax (GCT) is tax applicable on purchase and sale of goods and…

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A: Hi student Since there are multiple questions, we will answer only first question.

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A:

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Q: an economic life of 5 years. Sales for 2021 amounted to P3 its economic life are expected to be…

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Fraud

Fraud in accounting is the planned manipulation of financial documents to make a false appearance of corporate financial health. Moreover, it includes an employee, accountant, or the company itself misleading investors and shareholders.