(a)[4]
Prepare a statement setting out the shop’s gross profit and profit for the year ended 31 December 2019.
(b)[5]
Draw up the club’s income and expenditure account for the year ended 31 December 2019.
(c)[3]
Prepare a statement to show the movement in the club’s accumulated fund for the year ended 31 December 2019.
(d)[4]
State four contrasts between the financial statements of a limited company and the financial statements of a not-for-profit organisation.
(e)[4]
Analyse the club’s capacity to replace the club equipment in 2020.
(f)[5]
Discuss whether the club should increase members’ subscriptions for this purpose or not. Justify your answer.