E-invoice unit 1.0 FLASHCARD

E-invoice unit 1.0 FLASHCARD

Assessment

Flashcard

Other

University

Practice Problem

Easy

Created by

Accounting Dept KPM Bandar Penawar

Used 1+ times

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10 questions

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1.

FLASHCARD QUESTION

Front

E-invoice vs. Traditional Invoice

Back

E-invoice is digital, while traditional invoices are often paper-based.

2.

FLASHCARD QUESTION

Front

Digitizes tax and financial reporting

Back

E-Invoicing digitizes tax and financial reporting.

3.

FLASHCARD QUESTION

Front

Image showing benefits of E-Invoice

Back

Visual representation of E-Invoice benefits: reducing errors, facilitating tax form submission, improving efficiency, and digitizing reporting.

4.

FLASHCARD QUESTION

Front

Mandatory Implementation Timeline

Back

Timeline showing mandatory implementation dates based on sales thresholds.

5.

FLASHCARD QUESTION

Front

Mandatory if sales exceed RM50 million per year

Back

Implementation date: 1 January 2025

6.

FLASHCARD QUESTION

Front

New update for sales more than RM25 million up to RM100 million

Back

Implementation date: 1 January 2025

7.

FLASHCARD QUESTION

Front

New business commencement from 2023

Back

Implementation date: 1 July 2025

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