(a)[5]
Calculate the revised profit before appropriation for the year ended 31 July 2017.
(b)[4]
Prepare the partnership appropriation account for the year ended 31 July 2017.
(c)[5]
Prepare the current accounts for the year ended 31 July 2017.
(d(i))[2]
Calculate the trade receivables as at 31 July 2017.
(d(ii))[2]
Calculate the trade payables as at 31 July 2017.
(e)[4]
Assess the working capital position of the partnership at 31 July 2017.
(f)[3]
Advise the partners of three ways in which they could improve the cash position of the business.
(g)[5]
Advise the partners whether or not they should take this course of action. Support your answer with reasons.