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Chapter 21 MCQ1

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Chapter 21 MCQ1

  • This topic has 3 replies, 3 voices, and was last updated 11 months ago by JillyB.
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  • April 27, 2024 at 4:03 am #704595
    ilham9089
    Participant
    • Topics: 301
    • Replies: 190
    • ☆☆☆

    Hi, in the lecture you said that the trading loss could only be surrendered to Chair Ltd but in the answer it says it could be surrendered to Card Ltd as well. Can you please explain which one is correct

    May 6, 2024 at 12:06 pm #705001
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    Chair Ltd is the correct asnwer as Paper and Card are overseas

    July 24, 2024 at 11:21 pm #708833
    AwaisRaza
    Participant
    • Topics: 1
    • Replies: 1
    • ☆

    but the questions says ALL are UK residents except Paper Inc. And, our Card company has Ltd. written after it, it must be a UK resident company.
    You have written in your reply that the both Card and Paper are overseas. If that’s the case, then it must be a question and answer typing mistake, which seems unlikely.
    Please consider my comment and review the question once more. It will be of lots of help. I have benefited a lot from your lectures, I hope it’s not a lot to ask for.
    Thanks in advance!

    July 29, 2024 at 1:28 pm #708956
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    paper owns card so because Paper not included neither is card

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