(a)[17]
Prepare the statement of profit or loss for the year ended 30 June 2024. Use the space provided on page 4 to show your workings.
(b)[6]
Explain, with reference to an accounting concept, why adjustments 5, 6 and 11 on page 2 had to be reflected in the financial statements.
(c)[7]
Advise Ahmed whether he should go ahead with either of these options. Justify your advice by discussing both financial and non-financial factors.