Accounting

QUESTION A.Tanjung Jara Sdn. Bhd. commenced business on 1 June 2001, made up its first set of accounts to 31 knock against 2002 and to 31 March for each(prenominal)(prenominal) later(prenominal) years. On 1 July 2004, the centering decided to deepen its accounting system date to 31 October. In November 2005, Tanjung Jara Sdn. Bhd. was aquired as a ancillary by Kencana Bhd. which ends its accounts on 31 January each year. The set income and losses of Tanjung Jara Sdn. Bhd. were as follows: Accounting PeriodAdjusted Income/(Loss) 1 June 2001 31 March 200235,000 1 April 2002 31 March 200348,000 1 April 2003 31 March 2004(18,000) 1 April 2004 31 October 200424,000 1 November 2004 31 October 2005(6,000) 1 November 2005 31 January 200620,000 1 February 2006 31 January 200730,000 Required: reclaim oneself the basis periods and adjusted income (loss) of Tanjung Jara Sdn. Bhd.

for all the relevant years of assessment. (8 marks) ANSWER Tanjung Jara foot PeriodYAAdjusted Income/ (Loss) 1/6/01- 31/12/01200124,500[35,000 x 7/10] 1/1/02 31/12/02200246,500 (35K x 3/10)+ (48K x 9/12) 1/4/02 31/3/03200312,000[48,000 x 3/12] 1/4/03 31/3/042004(18,000) 1/4/04 31/10/05200518,000(24,000 6,000) 1/11/05 31/1/06200620,000 1/2/06 31/1/07200730,000If you want to get a integral essay, order it on our website: Orderessay

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