(a(i))[2]
Calculate the sales figure for the year ended 30 April 2015.
(a(ii))[2]
Calculate the purchases total for the year ended 30 April 2015.
(a(iii))[11]
Prepare Jing’s income statement for the year ended 30 April 2015 in a conventional layout.
(b)[2]
Prepare the journal entry for this transaction. No narrative is needed.
(c)[2]
State two kinds of entries, apart from the correction of errors, that would normally be recorded in the general journal.
(d)[8]
Assess the business performance for the year ended 30 April 2015. Suggest likely reasons for the changes.
(e)[3]
State three advantages to a business of using ratios.