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Trading profit computation – accruals vs. cash basis

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Trading profit computation – accruals vs. cash basis

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by Tax Tutor.
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  • December 4, 2015 at 9:49 pm #287684
    Marko
    Member
    • Topics: 8
    • Replies: 5
    • ☆

    What are the main differences in calculation of trading profit using “normal accruals basis” and using “cash basis”?? With a special view on capital allowances?
    I was blasted with the Question 4 of June 2014 Paper.

    Thanks!

    December 8, 2015 at 12:07 pm #288968
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Please see OT notes page 45 Chapter 6 Section 3

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