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I think my savings were only 3000. Without subsidiary it was at lower limits for both and with subsidiary C would be marginal
Very difficult Paper given by an Examiner. I was so confused when i saw the paper. I have attempted 80% paper but don’t know what i have written in the Paper. This Paper is disastrous!
Hi Accaonetwo,
From what I can remeber the rent was accrued for quarter end 31 May. Doesn’t that mean that 2 month should have been deducted ( April & May) rather than 1/4.
How did you everyone else deducted this?
Thanks
That’s how I did question 1 ! Profit divided by 3 for the first 9 (I think) months,then split in half for remainder .
Dana – yes I did that Q1
I did the capital allowances – then adjusted the profit – and then a profit share between the partners – with seperate dates as there was a leaver. Then worked out the rest@safiyyah226 said:
For Q3 I chose alternative 2…anyone else did the same?Mee too
mine was very low as well Roisin
I used ER relief for the shares – from the lady – cant remember details – it was 80,000 or more@accaonetwo said:
Yop me too.. did u use er’s relief 10% ?It wasn’t available, as they weren’t employees or held 5 % ( only 1%)
one of the share calcs was 8% – she was a director and had worked for more than 12 months = ER relief? doesnt it
Silvikss for the rent I added on month. I understood the question said the rent had not been included.
Thank you very much!! I feel better and more reassured 🙂
I also managed to work out on Q2 the Short Life asset opening Balance for Mar 2013.. Around £1,845 (as without the WDA 18%) it was giving me the balance they disposed of in December 2013.. Don’t know if that is right.. Also too many cars that were acquired that year..
She hold 8 000 out of 100 000 so 8% and has been employed as director since 2007
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