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TUTORIAL 2
Mutiara Sdn Bhd commenced business on 1 September 2012 and its accounts were made up to
30 June annually. On 1 July 2013, the company was changed its accounting year-end to 30
September.
The company, once again, changed its accounting year end to close its accounts to 31 March
and to 31 March for the subsequent years.
The accounting periods and adjusted income (loss) for the relevant years are as follows:
Required:
State the basis periods and calculate the adjusted income/(loss) for each of the year of
assessment up to the year of assessment 2016.