TO EXPLAIN AND DEFINE IN DETAILS WITH EXAMPLES THE FOLLOWING FINANCIAL TERMS

NOTE THIS REPORT DOESN’T NEED AN EXECUTIVE SUMMARY, CONCLUSION, AND INTRODUCTION. A TABLE OF CONTENT IS NEEDED.

leave 3 empty pages to write my names and detail. The next page is the Surya cash budget, next page is the Surya cash budget working notes then the table of content should start with task 1.1 Surya cash budget.

A. Do you think that cash and profits are the same? Can you think of any business transactions that do not involve an immediate movement of cash?

B. Differentiate between
a. Capital expenditure and Revenue expenditure.
b. Expenses and Drawings
c. Gross Profit and Net Profit
d. Cash budget and Cash flow statement
e. Accruals and Prepayments

20 Marks)C. Explain the following terms:

a. Assets

b. Liabilities

c. Ordinary shares

d. Preference shares

e. Dividend

f. Stock exchange

g. Venture Capital

h. Budget

i. Capital Income

j. Company (30 Marks)