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Summary LSB2605 Assignment 2 Semester 1 & 2 2021

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This document contains solutions for LSB2605 assignment 2 for semester 1 & 2 of 2021. Buy now and boost your year mark. For further details, :

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LSB2605
ASSIGNMENT 2 SEMESTER 1 & 2 2021
UNIQUE NUMBER: 813774/762303


2.1 Explain the different methods of calculating Value Added Tax (VAT) and
indicate the preferred method in South Africa. (10)


2.2 Under what circumstances can a licencing authority withdraw a trading
licence from a holder? In your answer, indicate the process that the licencing
authority has to follow regarding the withdrawal up to the reinstatement of
the licence. (10)

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