A company makes up accounts for the 21 months to 30 September 2020. The company's results for
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A company makes up accounts for the 21 months to 30 September 2020. The company's results for this period of account are as follows:
The loan interest receivable relates to a £12,000 loan made on 1 May 2019 at 10%. The company makes a £4,000 Gift Aid donation on 31 December every year. Show how the period of account will be divided into accounting periods and calculate the company's taxable total profits for each accounting period. (Ignore capital allowances).
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There are two accounting periods the year to 31 December 2019 and the nine months to 30 Septe...View the full answer
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