(a)[7]
Prepare the income statement for Bayliss Limited for the year ended 31 December 2015.
(b)[5]
Prepare the statement of changes in equity for Bayliss Limited for the year ended 31 December 2015.
(c)[6]
Prepare the statement of financial position for Bayliss Limited at 31 December 2015.
(d(i))[4]
Discuss how each option would affect the future profits of Bayliss Limited.
(d(ii))[3]
Advise the directors on which option to select. Give reasons for your choice.
(e)[4]
Explain how a capital reserve differs from a revenue reserve.
(f)[1]
State one example of a capital reserve.