Assignment 3: Module 6

  1. What is a budget?
  2. What is an Invoice?
  3. What is a statement?
  4. What does it mean to reconcile an account?
  5. What are “Management Accounts”?
  6. Who is a creditor?
  7. Who is a debtor?
  8. Do you think it is better to buy 100 blue pens, or a box of 10, if you have 40 people in your office, why?
  9. You have been given a budget of R100 000.00 to organise a year end function for a team of 100 staff members. Will you spend all the money on the staff event, or not? Why?
  10. How prudent would you say you are when it comes to the organisations money spending?