Because of the statutory definition of ‘account period’ (¶784-570), it may happen that the period for which a fund makes up its account covers more than one ‘account period’, or overlaps two account periods. If so, income shown in the accounts is apportioned between the account periods on a time basis, according to the number of days in each (ICTA 1988, Sch. 27, para. 1(4)(a)).

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