(a)[6]
Prepare B Limited's income statement for the year ended 30 June 2023.
(b)[5]
Prepare the statement of changes in equity for B Limited for the year ended 30 June 2023.
(c(i))[2]
Explain why B Limited does not have any inventory.
(c(ii))[2]
Explain why B Limited does not need a provision for doubtful debts.
(d)[5]
Advise the directors on whether they ought to issue debentures or ordinary shares. Justify your answer.