(a)[2]
Explain what occurred on 31 May.
(b)[2]
Explain why the transactions made on 31 May were omitted from the joint venture account.
(c)[3]
Calculate the profit share for each joint-venture party.
(d(i))[5]
Prepare the ledger account as it would appear in the joint venture’s books for Roberto.
(d(ii))[4]
Prepare the ledger account as it would appear in the joint venture’s books for Sasha.
(e)[5]
Advise Sasha whether she ought to agree to repeat the joint venture, and justify your answer with both financial and non-financial factors.
(f)[4]
Explain how a business selling sports equipment is different from a sports club that also sells equipment to its members.