XYZ Pte Ltd has an accounting year ending on 30 September.  It ceased its business on 31 January 2019. For the Year of Assessment 2020, XYZ Pte Ltd will need to report income earned and expenses incurred in the basis period from:   Question 3 options:   1)  1 January 2019 to 31 January 2019   2)  1 October 2018 to 31 December 2018   3)  1 October 2017 to 30 September 2018   4)  1 October 2018 to 31 January 2019

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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XYZ Pte Ltd has an accounting year ending on 30 September.  It ceased its business on 31 January 2019.
For the Year of Assessment 2020, XYZ Pte Ltd will need to report income earned and expenses incurred in the basis period from:
 

Question 3 options:

 

1) 

1 January 2019 to 31 January 2019
 

2) 

1 October 2018 to 31 December 2018
 

3) 

1 October 2017 to 30 September 2018
 

4) 

1 October 2018 to 31 January 2019
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