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MC Question 13

Oblong Ltd has had the following results:

Year ended 31 March 2015 Year ended 31 March 2016
£ £
Trading profit/(loss) 79,400 (102,800)
Property business income 6,800 10,100
Qualifying charitable donations (1,600) (1,300)

If Oblong Ltd makes a claim to relieve its trading loss of £102,800 for the year ended 31 March 2016 against total profits for the year ended 31 March 2015, how much of this loss will remain unrelieved?

A £6,500
B £16,600
C £9,400
D £23,400

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