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
Ask the Tutor ACCA TX-UK
Chapter 21 MCQ1
Chair Ltd is the correct asnwer as Paper and Card are overseas
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!
paper owns card so because Paper not included neither is card
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