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July 29, 2023 at 4:39 am
This chapter is mostly about dates and it’s a bit confusing as the dates keep contradicting themselves.
Please you guys should go through this.
April 15, 2023 at 5:36 pm
It appears the salaries from 01/07/23 to 30/09/23 are incorrectly allocated in the ratio of 3:2 instead of the 2:1 ratio stated in the question. Therefore it should be £1666.67 for Doug and £833.33 for Rob. Making the total allocations £11,100 and £6,900 respectively. Correct me if i am wrong please.
This is for Example 1
July 29, 2023 at 4:34 am
If we are saying from July to September. That’s three months. Three months of 18,000 is 4500. The allocation of 2:1. 2+1= 3. 2/3 = 0.667. Multiple this by the balancing figure it 2000. Doug amount would be 1333.
If we were to go by what you have said. We would have 2500 which is in excess to the 2000 balancing figure.
March 29, 2023 at 1:28 pm
Are the y/e dates correct in the Answer to Example 2? The y/e dates where 2021,2022, & 2023.
March 29, 2023 at 1:25 pm
Example # 2 has y/e dates of 2021,2022, & 2023 but the answer to example 2 has y/e 2022,2023 & 2024 is this an error in the dates?
March 28, 2023 at 5:45 pm
Can the answer to question 15 part c be explained as this does not make sense for me.
In addition as Frank is a replacement partner this is considered to be his first year of trading so how can he relieve trading losses against prior years tax assessments if he has not been trading
March 27, 2023 at 11:01 pm
Are the dates correct in example 1?
April 15, 2023 at 5:31 pm
It appears the the question is asking for the accounting period ended 30 September 2023 instead, based on the answer in the book.
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