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ATARMAxxing · WACE Year 11 Accounting and Finance revision notes

Legislation, bankruptcy and responsible small business

Unit 1: Double entry accounting for small businesses · Unit 1 Government and the community: The role and influence of governments and other bodies; The influence of social, environmental and ethical factors
U1 · Unit 1 Government and the community: The role and influence of governments and other bodies; The influence of social, environmental and ethical factors

What this note covers

  1. Legislation for forming sole traders and partnerships
  2. GST registration and the Australian Business Number
  3. Bankruptcy under the Bankruptcy Act 1966
  4. Social, environmental and ethical responsibility

4 sections · 10 key terms & formulas · 5 common mistakes

Common questions

What does the WACE Year 11 Accounting and Finance note "Legislation, bankruptcy and responsible small business" cover?

This note has 4 sections on Legislation, bankruptcy and responsible small business. It includes 10 key terms and formulas, plus 5 common mistakes. It covers U1, Unit 1 Government and the community: The role and influence of governments and other bodies; The influence of social, environmental and ethical factors. The full section list is shown under “What this note covers”.

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WACE Year 11 Accounting and Finance · revision note 6 of 12