Chapter 3 Trade profits: basic rules
From legislation.gov.uk
Contents
- Section 46 Generally accepted accounting practice
- Section 47 Losses calculated on same basis as profits
- Section 48 Receipts and expenses
- Section 49 Items treated as receipts and expenses
- Section 49A Money's worth
- Section 50 Animals kept for trade purposes
- Section 51 Relationship between rules prohibiting and allowing deductions
- Section 52 Apportionment etc of profits and losses to accounting period