Personal Tax AAT FA2012 Task 2.6

Claire1705Claire1705 Feels At HomeRegistered, Array Posts: 37
Can someone explain why the purchase and sale of the November 2012 shares is shown as one line of 25 shares costing £845 rather than the sale of 100 and purchase of 75 as two seperate lines?

Comments

  • Jo ClarkJo Clark Font Of All Knowledge Registered Posts: 2,526
    Matching rules?
    ~ An investment in knowledge always pays the best interest ~
    Benjamin Franklin
  • Claire1705Claire1705 Feels At Home Registered Posts: 37
    I thought this might have been something to do with it! I glossed over it in the tutorial and had got on OK with these questions until I came across this one and realised I'd missed something that might trip me up in the exam! Back to the tutorial! :)
  • Jo ClarkJo Clark Font Of All Knowledge Registered Posts: 2,526
    Shout if you need the question/answer broken down and explained :o
    ~ An investment in knowledge always pays the best interest ~
    Benjamin Franklin
  • NpsNps Experienced Mentor Registered Posts: 782
    Yes, Jo is right. The first 75 of the 100 sold have to come out of the 75 that he bought 11 days later. The remaining 25 come from the share pool.
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