Question
Salty Ltd is an unquoted trading company with no other associated companies. In its year ended 31 March 2022, it had the following gross
Salty Ltd is an unquoted trading company with no other associated companies. In its year ended 31 March 2022, it had the following gross amounts payments and income: Interest paid on a loan to purchase a 10% shareholding in a competitor company Interest accrued on debentures issued in order to increase working capital Interest earned on business bank account Select one: O a. 7,200 O b. 6,700 OC. 2,500 O d. 3,700 (4,200) (3,000) 500 Calculate Salty Ltd's non-trading loan relationship credit/deficit for the year ended 31 March 2022.
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