(a)[3]
State three contrasts between the financial statements of a not-for-profit organisation and those of a limited company.
(b)[4]
Draw up the café trading account for the year ended 31 December 2021 in order to determine the profit or loss from trading.
(c)[4]
Prepare the subscriptions account for the year ended 31 December 2021.
(d)[6]
Prepare the income and expenditure account for the year ended 31 December 2021.
(e)[3]
Explain to the treasurer how the club ought to account for the life membership fees in the club’s financial statements.
(f)[5]
Advise the committee whether the café ought to be closed. Justify your answer.