Tutorial 3 - Basis Period (Continue)
Tutorial 3 - Basis Period (Continue)
Tutorial 3 - Basis Period (Continue)
Question 1
Richard, an individual joined Thunder Partnership on 1.4.2016. Thunder Partnership, which normally
closes its accounts on 31 December, changed its accounting date to 30 September. The partnership’s
accounts are prepared as follows:
Question 2
Eyeviews Sdn Bhd normally closes its accounts on 31 December each year and changes the accounting
period to 31 May (more than 12 months) in the second year.
Determine the basis periods for the company for YAs 2016 to 2019.
Question 3
Tyson Consulting Sdn Bhd normally closes its accounts on 30 June each year and changes the accounting
period to 30 September (more than 12 months) in the following year.
1
Question 4
Union Jane Ltd is ready to commence business in Malaysia. Name four (4) circumstances where the
choice of accounting year end would not result in overlapping period for income tax purposes.
Question 5
Aries Sdn Bhd's accounts are prepared to 31 October each year. The company management made a
decision to change its normal accounting year end to 31 January. As a result of this change in accounting
year end, the accounts are prepared for a period of 15 months from 1 November 2017 to 31 January
2019 and thereafter to 31 January for each subsequent year. Determine the basis periods, based on the
above decision for YA 2017 to YA 2019.
Question 6
XYZ Sdn Bhd's accounting period ends on 30 June each year. In the basis year 2016, the management of
the company changes its accounting period to 31 March 2017 and thereafter. The following are the
accounting periods and adjusted income before and after the change.
Determine the basis periods and adjusted income for the YAs 2015 to 2018.
Question 7
Mr. Taurus, the sole proprietor of a car wash, prepared the following sets of accounts:
Determine the basis periods and the adjusted income for the YAs 2016, 2017 and 2018 in respect of the
above business.