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thank you for help in our studies
i have a question with regards to 16 PQ MAX
2019/20 (CYB) (y/e 31/12/2019) (loss)
(12,000-3,000 (used in 18/19))
why we use only 9 month out of 12 in second year, not whole 12, as we used to do in other examples
as i understand in chapter 6 if accounting period is more or equal to 12 months then 12 months before the accounting date should be used
could you please clarify for me what is wrong in my reasoning?
Have you watched the lecture within chapter 7 where this issue is discussed, when dealing with example 5?
It is essential that before attempting practice questions or past exam questions from your revision / exam kit that you have worked carefully through the lectures working all the examples contained within the relevant chapters.
Let me know how you get on.