Question 2 (a) An international Airline company has placed an order for a new Aircraft The price between the airline and the manufacturer is fixed, and delivery is to occur in 24 months with full payment to be made on delivery. The order cannot be cancelled. Required Should the airline recognise an asset or liability at the time it places the order? Discuss in line with the Conceptual Framework definitions of assets and liabilities. Click or tap here to enter text. (b) Explain the difference between Accrual and Cash Accounting. Give an example to assist in your explanation. Click or tap here to enter text. (8 + 6 = 14 marks)