TX*** ACCA F6 December 2016 Exam was.. Instant Poll and comments ***

@gavin23 one mobile phone

Was the advertising expenditure supposed to be subtracted to increase the operating loss of the company? I felt it shouldn't since it wasn't incurred in that period. And did anyone time apportion the lease paid by the company?

Expense related to business with in 7 year period of starting business is allowed expense,premium was 15 year year,final figure divided by 15 for year 15/16

@chiks said: Was the advertising expenditure supposed to be subtracted to increase the operating loss of the company? I felt it shouldn't since it wasn't incurred in that period. And did anyone time apportion the lease paid by the company?

Premium is not pro rated, pays annually,not sure about interest

@ritaalbu said: Premium I did divided by 15 times 8/12, time apportioned to the no of months, as it should not be the annual amount . Advertising expenditure deducted yes. Property loss did not include interest on property loan as it should go to interest receivable, not property income, you guys did the same? Thanks

Well, I pro rated it because the period wasn't up to a year and the premium is paid for each year. I thought it was a 10 year lease, though. That's what I saw. I totally forgot about the 'expenses incurred 7-years before the business starts are deductible' rule.

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rishavagrawal do not worry results will give you specific ans

Hey, Can anyone explain the answer to the pension question in section C please? I don't think I got any marks on this one at all ?

All the best for the results next week. Just wanted to confirm. Qn 33. The qn that included Capital allowance and all. there was a section where we had to calc the chargeable gain with RPI. as to what I remember, I had not calculated the RPI because RPI cannot create or increase a loss. does anyone remember??