Required

a). Cash and Cash Equivalents are important for any government. Do you agree or disagree. Provide examples to support your views. (10 marks)

b). What do you understand when reading Note 14 of the attached financial statement? (10 marks)

Note: Students should use the financial statement including the Notes to Financial Statements to support their views.

As a taxpayer, why do you need information about cash receipts, cash payments and cash balances? (10 marks)