Personal Tax AAT FA2012 Task 2.6

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Claire1705
Claire1705 Registered Posts: 37 Epic contributor 🐘
in AAT Level 4 (Level 8 in Scotland)
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?

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  • Jo Clark
    Jo Clark Registered Posts: 2,525 Beyond epic contributor 🧙‍♂️
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    Matching rules?
    ~ An investment in knowledge always pays the best interest ~
    Benjamin Franklin
  • Claire1705
    Claire1705 Registered Posts: 37 Epic contributor 🐘
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    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 Clark
    Jo Clark Registered Posts: 2,525 Beyond epic contributor 🧙‍♂️
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    Shout if you need the question/answer broken down and explained :o
    ~ An investment in knowledge always pays the best interest ~
    Benjamin Franklin
  • Nps
    Nps Registered Posts: 782
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    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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