(E) Long Period of Account Flashcards
1
Q
A company which has an accounting period longer than 12 months?
A
Split into two different accounting standards
2
Q
Adjusted profits for the period of accounts?
A
Time apportion
3
Q
Capital allowances?
A
Separate computation for accounting period
4
Q
Property income?
A
Accruals basis
5
Q
Loan relationships?
A
Accruals basis
6
Q
Chargeable gains?
A
Date of disposal. Are added to adjusted profits
7
Q
QCDs?
A
Date of payment. Are deducted from adjusted profits
8
Q
Dividends?
A
Date received
