stephen.ojeme saysOctober 5, 2024 at 8:35 pmIllustration 1 in the third video shows that we can use the full amount of profit from the same trade when we relieve a previous year loss.However, I thought you can only use profit from the same trade to relieve losses when you carry forward. That’s what the tutor explained in video one.Log in to Reply
wendiwoo saysJune 3, 2024 at 3:20 pmThe MCQ1 doesn’t mention a salary for 2023/24 so have you made an assumption or have I misunderstood the questionLog in to Reply
haadiyahBM saysApril 13, 2024 at 6:39 pmWhat rule did you used in example 2 ?? And why deduct 38000 in 2021/22 like you did in year 2022 /23 and why cant we used c/yLog in to Reply
kanika1234 saysMarch 22, 2024 at 4:17 pmThe last lecture is about terminal loss. I couldn’t find lecture after you have done example 2. Is it any glitch from my end or the lecture isn’t uploaded yet.Log in to Reply
stephen.ojeme says
Illustration 1 in the third video shows that we can use the full amount of profit from the same trade when we relieve a previous year loss.
However, I thought you can only use profit from the same trade to relieve losses when you carry forward. That’s what the tutor explained in video one.
wendiwoo says
The MCQ1 doesn’t mention a salary for 2023/24 so have you made an assumption or have I misunderstood the question
wendiwoo says
sorry should have watched the whole thing
haadiyahBM says
What rule did you used in example 2 ?? And why deduct 38000 in 2021/22 like you did in year 2022 /23 and why cant we used c/y
kanika1234 says
The last lecture is about terminal loss. I couldn’t find lecture after you have done example 2. Is it any glitch from my end or the lecture isn’t uploaded yet.