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Durank question – pre march mock exam 2024

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Durank question – pre march mock exam 2024

  • This topic has 3 replies, 2 voices, and was last updated 2 years ago by AvatarJohn Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • March 2, 2024 at 11:33 am #701673
    Avatarvdfb
    Participant
    • Topics: 16
    • Replies: 30
    • ☆

    Hello,
    I do not understand how tax loss was calculated in Durank NPV?
    There is a tax “gain” equaling to 10% of the loss?
    Please help as we do not have this type of taxation in my country.
    Usually losses are carried forward (not 10% of the loss but the actual loss) to the next year.
    Thanks

    March 2, 2024 at 4:26 pm #701710
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54843
    • ☆☆☆☆☆

    The question specifically says that any tax losses can be relieved in the same year (so losses are not carried forward).

    March 3, 2024 at 6:10 am #701740
    Avatarvdfb
    Participant
    • Topics: 16
    • Replies: 30
    • ☆

    oh so this is what relieved means
    thanks

    March 3, 2024 at 11:57 am #701837
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54843
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Durank question – pre march mock exam 2024’ is closed to new replies.

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