PTX2053

CHAPTER 5: BASIS PERIOD AND CHANGE OF ACCOUNTING DATES

TUTORIAL 3

Teguh Hati Bhd (THB) commences a business on 1 July 2008 and prepared its first set of
account to 30 April 2009 annually. In May 2012, THB decide to change its accounting date to 31
December each year as follows:
Accounting period Adjusted Income/(Loss)
RM

1 July 2008 to 30 April 2009 11,000

1 May 2009 to 30 April 2010 13,000
1 May 2010 to 30 April 2011 33,300
1 May 2011 to 30 April 2012 18,500
1 May 2012 to 31 December 2012 26,600
1 January 2013 to 31 December 2013 32,600
1 January 2014 to 31 December 2014 (18,600)

However, on 1 January 2015, due to some technical problem, THB changes its accounting year
end to 30 June each year as follows:

1 January 2015 to 30 June 2015 31,600

1 July 2015 to 30 June 2016 33,980

Required:
State the basis period and compute the adjusted income/(loss) for all the relevant years of
assessment up to year assessment 2016.