• April 4th, 2016

Australian Accounting for Managers

Paper, Order, or Assignment Requirements

  1. Illustrate with an example the difference in the format of the equity section of the balance sheet between a sole trader, partnership and company.

    2. Another relatively widespread business structure is a trust. What are the two main forms of trusts in Australia? What is the tax issues associated with family trusts?

    3. Illustrate with an example how sole traders and partners are taxed in Australia. How does this compare to Australian company tax?

    4. What does the term ‘mutual agency’ refer to in the context of partnerships? Provide an example where ‘mutual agency’ could be both an advantage and disadvantage for a partnership.

    5. What the main contents of balance sheet?

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