PTC December 2009 paper
Tinkerbell007
Registered Posts: 64 Regular contributor ⭐
It was going well this morning but now totally confused!!!
December 2009 PTC paper - section 2 question 2.1d - how do they get the £6000 deemed proceeds on the sale of the table???!!!
I did the calculation as sale proceeds of £4000 less original cost of £15000 less the auction fees of 2% (£300) to give a loss of £11300 - I think I've completely confused myself with it all!!
Can anyone help??
December 2009 PTC paper - section 2 question 2.1d - how do they get the £6000 deemed proceeds on the sale of the table???!!!
I did the calculation as sale proceeds of £4000 less original cost of £15000 less the auction fees of 2% (£300) to give a loss of £11300 - I think I've completely confused myself with it all!!
Can anyone help??
0
Comments
-
If proceeds are below 6,000 you use 6,000 as deemed proceeds.0
-
Thanks Esme!! Couldn't see for looking in my notes!!!
Much appreciated!!0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 321 NEW! Qualifications 2022
- 164 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 87 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 273 Tax
- 135 Bookkeeping
- 7.2K General accounting discussion
- 200 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership