- This topic has 0 replies, 1 voice, and was last updated 12 years ago by .
Viewing 1 post (of 1 total)
Viewing 1 post (of 1 total)
- You must be logged in to reply to this topic.
Interactive BPP books for September 2026 exams, recommended by OpenTuition.
Get discount code >>
Forums › ACCA Forums › ACCA TX Taxation Forums › Trading Profit
Hello
A question asks to calculate the trading income of a business. Under expenses it has Heat and light, would this be deductible or not.
My understanding is, if an expense is deductible it should be wholly and exclusively for the purpose of the trade. Since heat and light are necessary in any business it should therefore be deductible? is this the correct.
