Hajia Mamata, a sole trader started business on 1/ 4/ 2013 and keeps accounts to 31/3 each year. She presents the following results of operations for assessment: Year to 31/3/2014-GH¢480,000; Year to 31/3/2015- GH¢560,000; Year to 31/3/2016-GH¢400,000; Year to 31/3/2017- GH¢520,000. What was her chargeable income for the 2014 year of assessment?

Hajia Mamata, a sole trader started business on 1/ 4/ 2013 and keeps accounts to 31/3 each year. She presents the following results of operations for assessment: Year to 31/3/2014-GH¢480,000; Year to 31/3/2015- GH¢560,000; Year to 31/3/2016-GH¢400,000; Year to 31/3/2017- GH¢520,000. What was her chargeable income for the 2014 year of assessment?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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