(a)[2]
State two reasons why the owner of a small business might decide against keeping complete accounting records.
(b)[4]
Explain how the accounting concepts of matching and prudence are used when a business prepares financial statements.
(c)[5]
Calculate total purchases for the year ending 31 July 2020.
(d)[10]
Prepare the income statement for the year ending 31 July 2020.
(e)[4]
Calculate how much profit per annum will be made if Suyin relocates her business.
(f)[5]
Advise Suyin whether she should move her business to a different location or not. Support your answer by considering both financial and non-financial factors.