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ok, slightly more complex than i expected. I think we are accounting for it in the UK accounts ( not the group ones) and the company re received it from is a soft drink company. does that help things?
thank you for this, could you explain the double entry i should have for this?
is it balance sheet to balance sheet?does this mean i dont need to look into how the company deals with special dividends?
I think you can do PY relief and then on top of that carry it back 36 months no?
@rajasaadishrat said:
Q1 n 4 was shit que…last tym examiner didnt check i.tax que n ths tym too wat he wants from us….???I think question one was okay, they were testing the benefits, and at the end okay they didn’t test the income tax payable, I suppose they just wanted the total taxable income.
I don’t suppose it matters if you went all the way and did the tax calc on the income – you just wont get marks on it….
thoughts?what’s this ethics everyone is talking about for question one?
I only had income tax computation and PAYE questions in question one.I agree question four was very tricky!!
some parts here and there I couldn’t answer either.When you are faced with a question that involves ca, you have to note weather the company has a full accounting period or its just a period ending.
Say for example its period ending dec 2009 and they started july 09
thats six months
so you need to prorate aia 50 000 x 6 / 12, you never prorate fya. And you prorate the WDA’s as well
I hope this help?You shouldnt do the past papers from the website as the rates have changed. Do the ones in your P&R kit. The rates and answers have been adjusted accordingly.
@ rajad Registration for what? for Vat?
the bpp revision kit covers alot of the dates in questions, good idea to look through them 🙂Hi there, Could I ask someone to help with question 47 in the bpp revision kit?
I’m on part b trying to work out the cost of the loan note,
set out the NPv Calc as normal, chose 10% df and it produced a negative npv
so I then chose a 5% df which also produced a negative npv
I’m very very stuck as to how to proceed from here, please help!