Basir is the owner of the Korner Café. He does not maintain full double entry books, but has provided the following information for the year ended 30 September 2014. Bank account $ $ Balance b/d 4000 Rent of café 5500 Takings banked 43200 Payments to credit suppliers 17800 Operating expenses 13600 Fixtures and fittings 450 Bank loan interest 250 Balance c/d 9600 47200 47200 Balance b/d 9600 Additional information 1 All takings were in cash and were banked on the same day with the exception of: Staff wages $ 14900 Drawings 8000 Cash purchases 950 2 Balances at: 1 October 2013 30 September 2014 $ $ Trade payables 1150 1430 Inventory 350 720 Rent of café prepaid 500 Rent of café accrued 1000 7% Bank loan 5000 5000 Bank loan interest accrued 100 Fixtures and fittings (at valuation) 2250 2200 REQUIRED

1. (a)State two advantages of maintaining full double entry records. 1 2...[2]
2. (b)Calculate the total purchases for the year ended 30 September 2014.[5]
3. (c)Calculate the revenue for the year ended 30 September 2014.[3]
4. (d)Prepare the income statement for the year ended 30 September 2014. Basir's Korner Café Income Statement for the year ended 30 September 2014[10]