15. The relationship between accounting and other business functions

Question 1

How is the purchasing function relatable to the accounting department? (5)

Answer 1

• crdie
• prices
• payment
• stock
• data capture
• budgeting

Question 2

The production department works with the accounts department in which ways? (4)

Answer 2

• budgeting
• inventory
• cost measurement, allocation and absorption
• cost v quality

Question 3

In what ways do accounts work with marketing? (4)

Answer 3

• budgeting
• advertising
• pricing
• market share

Question 4

What are the four main features of a service?

Answer 4

• intangibility
• inseparability
• perish ability
• variability