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Short AP- trading losses for companies

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Short AP- trading losses for companies

  • This topic has 1 reply, 1 voice, and was last updated 5 years ago by AvatarNoah098.
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  • September 1, 2020 at 9:21 am #582970
    AvatarNoah098
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    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    Sir even if the surrendering company has a short AP, say 9months, it can surrender its entire current period trading losses to the claimant company or only after apportioning 9months of trading profits of claimant company?

    September 1, 2020 at 9:23 am #582971
    AvatarNoah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    wait sir! i realised my mistake, only for coterminous periods trading losses and profits can be set off! right, sir?

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