(a)[8]
Prepare the manufacturing account for the year ending 31 December 2024.
(b)[7]
Prepare the statement of profit or loss for the year ending 31 December 2024.
(c(i))[2]
Explain why unrealised profit arises in certain manufacturing businesses.
(c(ii))[3]
Explain why the provision for unrealised profit is recognised in the statement of financial position.
(d)[5]
Advise Nadim whether or not he should incorporate his business in light of this being his only concern. Justify your answer.