Accounting concepts, conventions and GST principles
What this note covers
- Elements, the accounting equation and double entry
- The accounting cycle and accounting conventions
- GST principles, accounting for GST and the BAS
- Inventory systems and the trial balance
4 sections · 10 key terms & formulas · 5 common mistakes
Common questions
What does the WACE Year 11 Accounting and Finance note "Accounting concepts, conventions and GST principles" cover?
This note has 4 sections on Accounting concepts, conventions and GST principles. It includes 10 key terms and formulas, plus 5 common mistakes. It covers U1, Unit 1 Financial institutions and systems: Financial systems and fundamental principles (concepts, conventions, GST, trial balance, elements). The full section list is shown under “What this note covers”.
Is this WACE Year 11 Accounting and Finance note free to read?
A sample section is free on the WACE Year 11 Accounting and Finance hub. Full topic notes unlock with the Mastery Pack, one payment, no subscription.
2 original practice exams with worked solutions, 12 revision notes, 120 practice questions and 144 flashcards.
Unlock Accounting and Finance — $20
Preview a sample note and question free on the WACE Year 11 Accounting and Finance hub →