(a)[7]
Prepare the manufacturing account covering the year ended 31 July 2016.
(b)[7]
Prepare the statement of profit or loss for the year ended 31 July 2016.
(c)[3]
Prepare an extract from the statement of financial position of Richard Ang’s business at 31 July 2016 to show how inventories are reported.
(d)[4]
Explain why Richard needs to make a provision for unrealised profit.
(e)[4]
State two advantages and two disadvantages for Richard Ang in helping his sister to set up her business.