Accounting 9706 · AS & A Level · Preparation of financial statements

Preparation of financial statements — practice question

Study Source A in the insert.
(a)[8]

Prepare a statement showing the profit or loss for the café for the year ended 31 December 2022.

(b)[9]

Prepare the income and expenditure account for the club for the year ended 31 December 2022.

(c)[3]

Prepare a statement to show the movement in the accumulated fund during 2022.

(d)[5]

Advise the management committee on which option to choose. Justify your answer.

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