(a)[15]
Draw up the statement of profit or loss for the year ended 31 July 2023. Use the space provided to set out your workings.
(b)[6]
Draw up the statement of changes in equity for the year ended 31 July 2023.
(c)[2]
State two examples of revenue reserves of a limited company.
(d)[7]
Advise the directors whether they were right to make a bonus issue of shares instead of making a new issue of shares. Support your response.