A company has the following results for its three most recent accounting periods: Assuming that all possible
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A company has the following results for its three most recent accounting periods:
Assuming that all possible claims are made to relieve the trading loss against total profits, calculate the company's taxable total profits for each of the three periods.
Transcribed Image Text:
Trading profits/(losses) Chargeable gains Gift Aid donations yle 31/10/2020 59,700 8,400 1,000 eight months to 30/6/2021 73,600 1,000 yle 30/6/2022 (155,700) 48,700 1,000
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Trading income Chargeable gains Less Trade loss relief a Less Trade loss relief b ...View the full answer
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