the balance sheet and the income statement • Understand the implications of the decision to record expenditure as an asset or as an expense • Understand the differences between cash profit and accrual profit Required Reading Trotman, Gibbins & Carson Chapter 2 Session 1, 2015 ACCT1501 2. Tutorial Questions – Week 3 Preparation Questions • • • DQ 2.1, 2.2 2.11 P1.18, P2.3 Case 2A Tutorial Questions • • DQ 2.6, 2.10 P2.7, P2.9, P2.11, P2.16 Session 1, 2015 ACCT1501 Billabong posts $126…
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