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Follow the instructions on this link: https://www.accaglobal.com/content/dam/ACCA_Global/Students/SessionCBE/BPP%20F5%20to%20F9%20CBE%20Mock%20Exam_Reg.%20Guide_2018.pdf
Yes, I did, but I did not find a discussion of this rate in the reduction of PA topic. Other rates are mentioned but not 60% one. Kindly guide me on this.
I also wanted to ask if the employer pays NIC to the government after collection or it is the responsibility of the employee to file their income tax and NIC returns separately?
If a company has earned profits but does not want to pay preference dividend, is the company allowed to do so or preference dividend has to be paid at any cost no matter what?
I did watch the lecture. I just am unable to recognize as WHY an event is adjusting or non-adjusting. I can not justify the WHY in the examples that I just mentioned above.
The lecture example of the factory on fire I understand that at the period end we did not know it would happen and so it is non-adjusting.
Based on this logic, if we consider the rest of lecture examples(error discovery, customer bankruptcy, inventory sale on less than cost) we did not know about any of those events at the period end either so why aren’t they non-adjusting as well?Kindly tell me how can I identify WHY an event is adjusting or non-adjusting.
