Section B Answer Section B questions in Answer Book B B4. This question is about finance. a) Explain the purpose of the following accounting documents and the relationship between them: i) balance sheet; ii) profit and loss account; ii) annual cash flow forecast. (12 marks) b) Hosted solutions are services for business applications such as payroll or accounts which are made available over the internet and include both the necessary software and the computing facilities to run it. Assume that you work for a software company providing 'hosted solutions', using examples, explain how the following assets would be valued for balance sheet purposes: i) buildings, such as a data centre; (4 marks) ii) computer equipment, such as the servers in the data centre; (5 marks) iii) debtors, such as clients who pay on a quarterly basis in arrears for use of the software. (4 marks) Section B Answer Section B questions in Answer Book B B4. This question is about finance. a) Explain the purpose of the following accounting documents and the relationship between them: i) balance sheet; ii) profit and loss account; ii) annual cash flow forecast. (12 marks) b) Hosted solutions are services for business applications such as payroll or accounts which are made available over the internet and include both the necessary software and the computing facilities to run it. Assume that you work for a software company providing 'hosted solutions', using examples, explain how the following assets would be valued for balance sheet purposes: i) buildings, such as a data centre; (4 marks) ii) computer equipment, such as the servers in the data centre; (5 marks) iii) debtors, such as clients who pay on a quarterly basis in arrears for use of the software. (4 marks)