- This topic has 1 reply, 2 voices, and was last updated 1 year ago by .
- You must be logged in to reply to this topic.
Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
On 1 June 2020 Ethel paid a car dealer £14,000 by cheque for a car with CO2 emissions
of 105g/km. She also made payments totalling £3,000 related to the running costs of
the car for the year. She has used the car 40% of the time for private purposes and she
drove 11,000 business miles during the year.
If we use the cash basis, cash payment for the car and the running cost are allowed or not? if not, can you please explain why?
The business miles will be calculated as per rate allowed 45p and 25p right?
Please see page 41 of the study notes, chapter 6 section 3 and accompanying example