Btc

Roll on 3pm so i can check my answers!!
There were only two people in my exam. She was to far away to look over her shoulder.
That was a Joke Moderator
There were only two people in my exam. She was to far away to look over her shoulder.
That was a Joke Moderator
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But I don't know if i've passed, a couple of things i need to check!
I dont need to pass (as i shall also be doing the simulations, passed one already taking one in January) so won't be resitting if i haven't passed.
Good luck!
Will just have to wait for 3 pm - is it 3pm, another thread might have said 8pm..? - for everyone else to write down what they got.
How rather odd
But know i have made a Huge balls up somewhere!!!!
Well, I cleverly forgot what my tutor told us over and over... there won´t be any losses as you need to be able to calculate the tax. I forgot to add back the salary Harrison paid himself and so ended up with a loss!!! Doh!
I know all my Capital Allowance & I.B.A. calcs were correct, but not very sure about the rest in Section 2 - seems I spent too long looking at random stuff like leases, gift aid, political donations and stuff last night and not enough on things I thought were fairly fresh!! :001_unsure: gonna be stressed til Feb now!!!
What did you do about the £ 200 for air condition in section 1? Did you treat it as a loss or as a disallowed expense?
Did anyone just deduct the value of land? I was unsure and in the end included the costs relating to landscaping for the building but deducted cost of land, how did you get on?
Right... I have a question. How did you deal with the part of the salaries that was paid to the wife that was not employed by the company in the first part??? I put it as proprietor's drawings. Did i do it right??
Also... I just thought back.. I think I missed a question completely. There was something about company paying dividends in the second part, wasn't there?? But then I am not sure I would have known how to deal with it anyway. Anyone?
Otherwise, I think it was a pretty good exam. Nothing too out of the ordinary and all understandable. Just hope my 2 muck ups will not be enough to fail me
I took the cost of the land off. Not 100% sure that was correct as the property was bought with the land but I thought it's more likely than not perhaps.
I am not sure about the figure for preparing the land, I think I have not deducted it.