(a)[4]
Prepare a summarised income statement for the year ended 31 March 2022.
(b)[6]
Identify the two items from information items $1$ to $8$ that need disclosure by note to the accounts. Explain why each is treated in that way.
(c)[2]
State the meaning of the term ‘contingent asset’. Illustrate your answer with an example.
(d)[7]
Calculate the correct profit for the year. Begin with the draft profit from your answer to (a).
(e)[3]
Prepare the journal entry for information item $6$ from the list provided. Include a narrative.
(f)[3]
Calculate the correct amount of trade receivables at 31 March 2022.