Additional Exercise for Chargeable Income (Q)(1).docx - Additional Exercise for Chargeable Income The following information was submitted by Rita Sdn

Additional Exercise for Chargeable Income (Q)(1).docx -...

This preview shows page 1 out of 1 page.

Additional Exercise for Chargeable Income The following information was submitted by Rita Sdn Bhd: Year ended 30.6.2017 Year ended 30.6.2018 Business A RM RM Adjusted Income/ (loss) (10,000) 5,000 Balancing charge YA 2017 6,000 - Capital allowances YA 2017 4,000 - Capital allowances YA 2018 - 1,000 Business B Gross income 35,000 38,000 Expenditure (Note 1) 34,500 55,000 Capital allowances YA 2017 7,000 - Capital allowances YA 2018 - 2,000 Capital allowance b/f 1,500 Business Loss b/f 1,200 Adjusted rental income 4,000 6,000 Interest from Maybank Berhad on fixed deposit
Image of page 1

Unformatted text preview: 3,200 4,150 Dividend 1,350 1,800 Note 1 Year ended 30.6.2017 Year ended 30.6.2018 Included in the expenditure for the relevant years were the following RM RM Specific bad debt provision 2,000 5,000 Depreciation 3,500 4,500 Donations to approved institutions 1,000 500 Required: Compute the Chargeable income of the company for YA 2017 and 2018 on the basis that the company makes all necessary claims to maximize its deductions....
View Full Document

  • Fall '17

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask You can ask ( soon) You can ask (will expire )
Answers in as fast as 15 minutes