(a)[6]
Prepare the income statement for the year ended 31 December 2015.
(b)[9]
Prepare the statement of financial position as at 31 December 2015.
(c)[4]
Suggest four possible reasons for the rise in Maneesh’s bank overdraft.
(d)[7]
Advise Maneesh which alternative he ought to choose. Support your answer.
(e)[4]
State two items that may be included in a partnership agreement (other than the share of profit) that will affect the appropriation account, and state two items that will not affect the appropriation account.