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Ken starts trading on 1 October 2016 and chooses 30 April as his accounting date. He ceases

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Ken starts trading on 1 October 2016 and chooses 30 April as his accounting date. He ceases trading on 31 January 2022 and has adjusted trading profits as follows: 

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Compute Ken's trading income for all tax years.

Transcribed Image Text:

7 months to 30 April 2017 year to 30 April 2018 year to 30 April 2019 year to 30 April 2020 year to 30 April 2021 9 months to 31 January 2022 3,500 18,480 17,700 27,900 28,200 17,300

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To compute Kens trading income for all tax years we need to allocate his adjusted trading profits to ...View the full answer


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Sinmon Warui Kamau
After moving up and down looking for a job, a friend introduced me to freelance writing. I started with content writing and later navigated to academic writing. I love writing because apart from making a living out of it, it is also a method of learning and helping others to learn.
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