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BPP practise kit – Ronald

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › BPP practise kit – Ronald

  • This topic has 3 replies, 2 voices, and was last updated 1 year ago by Tax Tutor.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • January 28, 2022 at 2:22 am #647629
    Nikitagarwal
    Participant
    • Topics: 153
    • Replies: 146
    • ☆☆☆

    So for trading profit for period ended 30th april 21 they have done 8/12 for the whole 11k amount however shouldnt it just be capital allowance that should be proportinated ?

    January 29, 2022 at 1:26 pm #647690
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    As before you will need to tell me the information in the question and what part of the answer you need help with understanding

    January 30, 2022 at 1:02 am #647725
    Nikitagarwal
    Participant
    • Topics: 153
    • Replies: 146
    • ☆☆☆

    Ques – Trading profit
    Ronald commenced self-employment on 1 January 2020. He had a tax adjusted trading
    profit of £3,840 for the four-month period ended 30 April 2020, and £12,060 for the year
    ended 30 April 2021. These figures are before taking account of capital allowances.
    The only item of plant and machinery owned by Ronald is his motor car, which cost
    £24,000 on 1 September 2020

    My question – why was the whole 11k is done 8/12 shouldnt only capital allowance be done that?

    January 31, 2022 at 11:35 am #647793
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Sorry but I do not know what 11k you are referring to and you have not told me what the question has asked you to do?

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