Andori Ltd has been in business for some years making up accounts to 30th April of...

 

Transcribed Image Text:

Andori Ltd has been in business for some years making up accounts to 30th April of every year. In 2018, they changed accounting year end to 30th June. The following are the assessable profits of the business in recent years: Year to 30 April 2015 Year to 30 April 2016 Year to 30 April 2017 Period to 30 June 2018 Year to 30 June 2019 Year to 30 June 2020 Profit/(Loss) A 800,000 950,000 750,000 850,000 (1,000,000) 1,200,000 Required: Compute the assessable profits or losses for all years of assessment. [30 points] Andori Ltd has been in business for some years making up accounts to 30th April of every year. In 2018, they changed accounting year end to 30th June. The following are the assessable profits of the business in recent years: Year to 30 April 2015 Year to 30 April 2016 Year to 30 April 2017 Period to 30 June 2018 Year to 30 June 2019 Year to 30 June 2020 Profit/(Loss) A 800,000 950,000 750,000 850,000 (1,000,000) 1,200,000 Required: Compute the assessable profits or losses for all years of assessment. [30 points]

Answer rating: 100% (QA)

Answer Year to 30 April 2015 800000 Year to 30 April 2016 950000 Year to 30 April 201... View the full answer