9. Other expenses are estimated as follows:
• Electricity £285 payable at the end of the quarter.
• Telephone costs of £120 per month, payable at the end of each month by cash.
• Fuel cost for motor vehicle estimated to be £65 per month, payable in the same month.
2.1 What is an Accounting Equation and explain why the accounting equation will always work? Also, provide an example with your explanation. – Chapter 3 of book
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 considered to be stakeholders in a large listed company like Marks
and Spenser?