HW QUESTIONS

Q56
7800
-7500
300

Q57
4000
-200
3800

Q58
2700
-150
-80.1
2470

Q59
Depreciation 3000
accountancy fees 1000
staff entertainment 0
customer entertainment 2400
add back 6400

Q60
CASH SALES 41000
CASH EXPENSES -20200
AMA -2925
MOTOR EXP 0
INVOICE SALES 0
TAXABLE INCOME 17875

Q64
1/08/21-5/4/22

Q65
YEAR TY PERIOD PROFIT
1 19/20 1/2/20-5/4/20 6000
2 20/21 6/4/20-5/4/21 38000
3 21/22 CYB YE 30 NOV 21 42000
86000
-72000
OVERLAP PROFIT 14000

Q66
ACCOUNTING PERIOD TY PERIOD PROFIT
 1 21/22 CYB 31/12 18000
2 21/22 CYB 31/3 3000
21000
OL PROFIT -2000
TAXABLE INCOME 19000

Q69
P+J
PROFIT 96000 FOR 12M
PROFIT TILL 1/9/20 8000
88000
SALARY OF PETER -9000
79000 PROFIT TO BE SHARED EQUALLY
PETERS INCOME 31600 SALARY 9000 TOTAL 40600
JANES INCOME 47400

Q70
R+S 48000
TANIA 5600

Q. AE,BEE,CAE AND EU
Q78
20250

Q79
21750

Q80
57600

Q81
3108

Q82
62200

Q88
2019/20 30640
2020/21 45960

Q89
Against trading income on commencement

Q90
Treated as incurred Based on market value

Q101
TRADING PROFIT OLD BUSINESS
14 MONTH PERIOD 106900
BALANCING ALLOWANCE -8850
98050
RELIEF FOR OVERLAP PROFITS -22700
75350

TRADING PROFIT NEW BUSINESS

5MONTH PROFIT 55700
CAPITAL ALLOWANCE AIA -26200
29500
ASSESSED IN 21/22 2/5 M 11800

PROPERTY INCOME
RENT RECEIVABLE 6600
INSURANCE -312
PROPERTY INCOME 6288

TAXABLE INCOME 93418

Q
DANIEL
12000
18750
30750

Q108
YEAR BASIS PERIOD PROFIT
18/19 1.1.19-5.4.19 12600
19/20 1.1.19-31.12.19 36000
20/21 1.7.19-30.6.20 21600

OVERLAP PROFIT 23400

NET PROFIT 23000

ADD- DEPRI 2635
MOTOR EXP 1925
PROFESSIONAL FEES 1260
PROP EXPENSE 4300
DRAWINGS 450
FINES 480
TRADE SUBSCRIPTION 0

LESS-TELEPHONE -240
CAPITAL ALLOWANCE 810
33000
QPATIENCE DONE IN NB