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I was only asking for clarification as i had also seen various answers. Thank you for your help

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Thank you 🙂

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Thank you very much for that 🙂 now the question makes much more sense.

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In the OT booklet on page 248 the answer states :

The Trading profts of the frst three periods of account are as follows.
Period of account Working Trading Profts
1/2/2013 – 31/7/2014 £(128,360 – 74,360) 54,000
1/8/2014 – 31/7/2015 £(87,365 – 42,365) 45,000
1/8/2015 – 31/7/2016 £(75,775 – 25,775) 50,000

But i wouldve calculated the trading profit as :
1/2/2013 – 31/7/2014 £(105,000 – 74,360)
1/8/2014 – 31/7/2015 £(79,270 – 42,365)
1/8/2015 – 31/7/2016 £(70,730 – 25,775)

Can you please advise ? Thank you in advance

[Vicks]

Thank you for your response 🙂 i have watched the lectures its just when calculating the tax assessments. I calculated a different trading profit after the capital allowances to the answer in the booklet.
Can i please have a second opinion?

Kind regards,

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Thank you so much John Moffat , i understand this question much better 🙂

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Thank you very much 🙂

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Thank you 🙂

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Thank you very much 🙂

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Im still slightly confused , @JohnMoffat would you be clarify this question please?

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Thank you John Moffatt i will try to find the full question and ask again , thank you for your help 🙂 i appreciate it

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Thank you very much i understand it now 🙂

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Thank you very much @john moffat 🙂

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@segun @john moffat thank you very much that makes much more sense now 🙂

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Welcome John Moffat 🙂

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@tugce share capital is 125,000 + 62,500 + 37,500 it is shown in the workings above , i believe it is just a typo error 🙂

I hope this helps & have a nice day 🙂

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@John Moffat thank you very much 🙂

[Vicks]

@john moffat thank you 🙂

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