(a)[2]
State two reasons why a club needs a clear objective.
(b)[4]
Explain how the tuition fees of $8000$ are to be recorded in the revised financial statements of MN Drama Club. Support your answer by referring to the relevant accounting concept.
(c)[12]
Prepare the amended income and expenditure account for the year ended 31 December 2021.
(d)[7]
Advise the chairman whether he ought to carry out the plan. Justify your response.