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For each transaction, decide whether it should be included in the cash budget for the business; prepare a cash budget for the three months ending 31 March, 2022. (30 Marks)
2.1 What is Accounting Equation and explain why the accounting equation will always work? Also, provide an example with your explanation.
2.2 What benefits might a company gain from having its shares listed on a stock exchange?
2.3 Who do you think might be stakeholders in a large listed company like Marks and Spenser?
2.4 Is the profit that a business makes a reliable indicator of its cash balances? What are the differences between Profit and Cash?
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