(a)[2]
Suggest two reasons why the merger allowed the savings in administrative expenses to be made.
(b)[8]
Prepare the forecast income statement for the partnership covering the year ending 30 June 2023.
(c)[10]
Prepare the partners’ forecast capital accounts covering the year ending 30 June 2023.
(d)[2]
State two advantages of keeping fixed capital accounts and current accounts in a partnership.
(e)[3]
Advise Doreen whether merging her business with Alan’s business is a good strategy or not. Justify your answer.