Payments of dividends to shareholders
A. Revenue items
B. Capital
C. Drawings
Purchase of a fleet of cars
A. Revenue items
B. Capital
C. Drawings
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
Accruals accounting
A. 20x4
B. 20x5