Test yourself Question 1 of 6 Question 1 of 6
A trading business has 300,000 euros of turnover and 95,000 euros of profit. What follows from section 141?
nothing, because turnover is below 800,000 euros the conditions are met, because one of the two quantities is exceeded the average of the two quantities decides
Question 2 of 6 Question 2 of 6
An architect has 1.5 million euros of turnover. Does section 141 make her subject to bookkeeping?
yes, the turnover threshold applies to all self-employed people no, the provision covers only commercial traders, farmers and foresters only if she also runs a commercial business
Question 3 of 6 Question 3 of 6
From when must the bookkeeping duty under section 141 be performed?
from the moment the amounts are exceeded from the start of the financial year following notice of the notification retrospectively from the start of the current financial year
Question 4 of 6 Question 4 of 6
How long must accounting vouchers be kept?
ten years eight years six years
Question 5 of 6 Question 5 of 6
An accounting voucher arises in February 2026. When does its retention period begin?
in February 2026, with the date on the document on 31 December 2026, at the close of the calendar year on filing the tax return for 2026
Question 6 of 6 Question 6 of 6
Which legal form can rely on the exemption in section 241a of the Commercial Code?
any small entity, whatever its legal form sole traders only companies only
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