BTX FA2011 AAT Mock

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anniebabe
anniebabe Registered Posts: 595 Epic contributor 🐘
Hi Guys
I have been working through the AAT online CBE - and have got stuck at Task 2.3
I thought I had done it correct but now I am checking the answers - apparently not.
Anyhow - the question is:-
White Ltd has shares in Arrow Ltd transactions are:-
14 April 01 Purchased 1400 shares at £12 per share
21 June 11 Purchased 1500 shares at £21 per share
25 June 11 Sells 200 shares at £25 per share
Index April 01 - June 11 0.359

I allocated 1500 shares to 21 June 11
proceeds 37500
cost (31500)
gain 6000

then

14.04.01 Purchase 1400 shares cost £16800 index £16800
index 0.359 x 16800 £6031
balance 1400 shares cost £16800 index £22381
right upto here
25.06.11 Disposal (500) shares cost (£6000) (£7993)
according to answers this line is wrong

can anyone let me know what i did wrong?

Many thanks.

Comments

  • anniebabe
    anniebabe Registered Posts: 595 Epic contributor 🐘
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    Doesnt matter - ive worked it out - i used the cost instead of the index cost - must be bed time.
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