OpenTuition.com Free resources for accountancy students
Free ACCA lectures and course notes | ACCA AAT FIA resources and forums | ACCA Global Community
ACCA F6 UK lectures Download F6 notes
May 9, 2015 at 8:44 pm
answer to example 4:
could you explain me why you are taking full 48,000 as the profit of 2015/16. 2,000 of this has been used in the previous tax year’s profit/loss calculation also. Why we are not deducting that 2,000 from 48,000 in 2015/16 profit calculation..
May 20, 2015 at 3:03 pm
For CYB 2015, the 48000 is asses-able. What has already been assessed (i.e. 2000) in the previous year gets reassessed this year because this is the year from which the CYB assessment begins for this new firm .
Upon cessation of trade this Overlapped profit of 2000 gets relieved. Refer to Cash Based Period lectures for more clarity on this one
May 20, 2015 at 3:05 pm
Trading Profit Basis lectures*
(my bad Im sorry)
You must be logged in to post a comment.
OpenTuition.com is dedicated to providing all accountancy students throughout the world with the resources they need to study for the major … Learn more
Please log in to get the most from OpenTuition, registration is free!