Protected: Leonard

Forum Replies Created

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
March 7, 2015 at 2:38 pm #231616
Leonard
Member
- Topics: 0
- Replies: 2
Pliz help me how must l record the allowance in the SOPL
March 7, 2015 at 2:30 pm #231614
Leonard
Member
- Topics: 0
- Replies: 2
opening allowance = 20000+(380000 – 20000)x 2.5% = 9500

closing allowance = ( 420000 – 28000)x3% = 11760

SOPL = 9500 – 11760 = 2,260

Because the difference between the opening allowance less the closing allowance is what we charge SOPL
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)