The tax claimable on account of balancing allowance or payable on account of balancing charge has been already adjusted with the yr 5 realisable value. So it is not to be considered in the CA calculations.
This is what I understood.
Let me offer an answer of which I myself is not sure and can’t explain further!!!!
Hope somebody find and explain us.
cost of sales cash 115.2-additional WC (5.1+4)= 106.1
Unfunded days 5.1/106.1*365 = 17.54 days.
Could you please add me to your mailing list. I am attempting P3 and P4 in dec 2010. So whatever materials you will be able to send, I will appreciate a lot.
My e mail is firstname.lastname@example.org