(a)[5]
Read Source B in the insert. Advise Suhail whether his accounts ought to have been audited before HJ Limited examined them. Justify your answer.
(b(i))[7]
Prepare the Realisation account for Suhail’s books.
(b(ii))[7]
Prepare the capital account for Suhail’s books.
(c)[6]
Prepare the journal entry in HJ Limited’s records to show the purchase of Suhail’s business. A narrative is not needed.