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overleap profit

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › overleap profit

  • This topic has 2 replies, 2 voices, and was last updated 10 years ago by josy87.
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  • August 27, 2014 at 1:23 am #192459
    josy87
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    • Topics: 173
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    Sir
    About the second way to calculate the overlap profit by adding profits, can we add all profits of year 1 to year n ?

    August 31, 2014 at 4:06 pm #193138
    Tax Tutor
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    • Topics: 2
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    • ☆☆☆☆☆

    Year n will not be an issue as only a limited number of profit periods will be involved – you will use those profits up to and including the first CYB assessment that arises, though again if you establish what the overlap periods are you will not need an alternative basis of computing!

    September 3, 2014 at 6:09 pm #193529
    josy87
    Member
    • Topics: 173
    • Replies: 215
    • ☆☆☆

    thanks Sir

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