AAT MOCK EXAM 2 - TASK 1 PART C - OVERLAP PROFITS

JSmith
JSmith Registered Posts: 18
Please could some explain how to work this question out? Thank you!


C) Javid has traded for many years with a year end 30 April. After the year ended 30 April 2020 he decided to change his accounting date and prepared his next set of accounts to 31 March 2021. His profits have been as follows:

Year ended 30 April 2020 £22,770.00
11 months ended 31 march 2021 £18,400.00

Javid has 11 months of overlap profits from commencement of £8,800



Comments

  • JSmith
    JSmith Registered Posts: 18
    For anyone else who ever gets stuck on this question:

    22770+18400-8800 = £32,370
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