Andrea ceases trading on 31 October 2017 . Her adjusted trading profits/(losses) for the closing periods of
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Andrea ceases trading on 31 October 2017 . Her adjusted trading profits/(losses) for the closing periods of account are as follows:
Overlap profits of £3,200 arose when Andrea commenced trading. Calculate the terminal loss, assuming that no claims are made to set trading losses against total income.
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Trading loss 6417 to 311017 ...View the full answer
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