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An events company purchased decorations for an event towards the end of 20x4. The decorations were received and used during 20x4. The company did not pay for these decorations until 20x5.The costs for the decorations would be included in the accounts for which year if the following accounting methods were used?Cash accounting

A. 20x4
B. 20x5

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Accruals accounting

A. 20x4
B. 20x5

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Which TWO of the following would be carried out by an organisation’s treasury department?

A. Recruiting appropriately qualified finance staff
B. Advising the organisation on the investments it should make with surplus cash
C. Producing a yearly budget showing the levels of materials required
D. Managing the organisation’s banking requirements

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The following points are relevant to the current economic state of Country Zee.Country Zee is currently at what point of the economic cycle?

A. Boom
B. Recovery
C. Slump
D. Recession

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Do the following statements relate to a production budget or a cash budget?Based on the output the business expects to produce in the period

A. Production budget
B. Cash budget

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A. 20x4 B. 20x5

Accruals accounting

Which TWO of the following would be carried out by an organisation’s treasury department?

The following points are relevant to the current economic state of Country Zee.Country Zee is currently at what point of the economic cycle?

Do the following statements relate to a production budget or a cash budget?Based on the output the business expects to produce in the period

A. 20x4
B. 20x5