[saif02bd]

I write 33 instead of 31 in the top of the page..
is that gonna marked??

[saif02bd]

sir,I think we should charge the depn from the earliest date rather than the equipment ready for use date..
please explain sir..
thanks in advance..

[saif02bd]

Alhamdulillah..passed with 63% in my first attempt

[saif02bd]

Alhamdulillah passed with 65% in first attempt..

[saif02bd]

output vat=294X(20/120)=49
input vat=600X(20/120)=100
but ans shows,
output vat =0;input vat=100
please suggest sir!

[saif02bd]

thank you very much sir..
so,the way I’m doing is ok?

[saif02bd]

my calculation was:
planning variance:
efficiency:
(sh x sr) – (rsh X sr) =
(12600x3x14)-(12600×3.25×14)=44100A
ans given 44100A.(no problem)
rate planning var:
(rsh x sr) – (rsh x rsr)=(12600×3.25×14)-(12600×3.25×14.28)=11460A
ans given 10360A***(problem)
operational var:
efficiency:
(rsh x rsr) – (ar x rsr)=(12600×3.25×14.28)-(37000×14.28)=56400F ans given 55300F***(problem)
rate:
(ar x rsr) – (ah x ar)=(37000×14.28)-531930=3570A ans given 3570A*** no problem
sir plz tell me,what went wrong..
and is it ok to calculate in this way?

[saif02bd]

as far I know the cap is not applicable on trading profit.!!!!its only applicable on other income..

[saif02bd]

yes the answer is (C)
I found it in bpp text.
but don’t understand why the answer is(C)..

[saif02bd]

my calculation was:
for 14/15:
trading profit+property income
(15000+260000)=275000
loss relief for 14/15:
here,the relief is only available for property income.
as,260000X25%=65000 which is higher than 50000.
65000 will be considered as a relief.
so the total relief is 15000+65000=80000.

am I right sir?

[saif02bd]

@saif02bd said:
sir,I have an issue about transferable PA.
say A & B are married couple.
A has a net income of 10k
B has a net income of 22k.
calculate the income tax liability
solution:
A’s net income: 10000
Pa. :(10600)=Nil
so,A has unused PA of 600
and B is basic taxpayer.
my concern is the transferable amount is 1060 but A has only 600 unused PA.
should we still transfer 1060X20% ie. 212 tax reducer to the tax liability calculation?
and importantly in some questions say if A has net income 0f 8k,then it showed like:
A’s net income: 8000
pa.(10600-1060)=(9540)= nil.
A had 2600 unused PA that’s why we show 1060 as a deduction in this calculation?
plz explain sir..

[saif02bd]

thank you very much sir..

[saif02bd]

thank you sir..

[saif02bd]

sir,is it enough to follow the OT notes,lectures and an authorised exam kit to pass F4 Glo?

[saif02bd]

so,which lectures i should follow for F4 GLO?lectures from chapter 5 onwards as mentioned in the lecture page?

[saif02bd]

thank you very much sir..

[saif02bd]

Alhamdulillah..passed with 85%

[saif02bd]

passed F3 with 85%..
thanks sir,u always helped every time I asked anytype of silly questions or whatever!
student like me self studying find this site very helpful..
looking ahead for F1 will sit within 8-10 days..
but I’m not good in theory..
need to work hard..
any advises sir?

[saif02bd]

you are great!thank you very much..

[saif02bd]

thanks for your help sir!
asking another stupid question..
‘use the revision kit as a study resource too’
should I learn those questions which is new and not covered in OT notes & lectures?

[saif02bd]

that means,opentuition notes and lecture cover every topic bt not in depth.

[saif02bd]

by doing this will give us
$51700-8400-200=43100 od balance.
but why payment recorded as receipt amounted $8400?
I didn’t get it please explain..

[saif02bd]

my calculation was:
first reconcile the bank statement:
which gives us [(38600)+(27800)-14700]=(51700) cash book balance.
then we need to look at cash book adjustments:
51700+200+(4200×2)=60300 OD(ans)
but solution says 43100 OD.
I didn’t understand what went wrong please explain moffat sir..

[saif02bd]

his opening capital was $6500.what was his closing capital??

[saif02bd]

as he paying $400*17.5%=$470 for telephone bill,the whole amount should be deducted as drawings.
but in thehe solution it has only deducted $70.
please explain sir..

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