(a(i))[3]
Prepare the DB plc account in the books of Sarah to record the sale of her business and the settlement of the amount owed to her.
(a(ii))[4]
Prepare the Bank account in the books of Sarah to record the sale of her business and the settlement of the amount owed to her.
(a(iii))[4]
Prepare the Capital account in the books of Sarah to record the sale of her business and the settlement of the amount owed to her.
(b)[7]
Prepare the statement of financial position of DB plc immediately after Sarah’s business has been purchased.
(c)[5]
Advise Sarah whether or not she should sell her shares in DB plc and invest the proceeds to earn interest. Justify your answer.
(d)[2]
Explain the way stewardship influences a business purchase by a limited company.