LML4804 (LML4804)

Well-structured APC2602 EXAM PREPARATION PACK - DISTINCTION GUARANTEED. Contains recent exam questions and answers, and Summarised study notes. All you need to pass the OCTOBER NOVEMBER 2023 EXAMS

QUESTIONS AND ANSWERS

Discuss, with reference to the relevant legal principles, whether UFC may deduct the expenses of the above transactions. Discuss each of the relevant expenses under a separate heading.

On 30 November 2022 Cycling Africa CC sells a bicycle to Tsepo for R1 000. Starting on 30 November 2022, Tsepo pays the purchase price in ten equal monthly instalments of R100 each. Cycling Africa CC’s year of assessment is the same as the year of assessment of its sole member, Tamara. What amount must Cycling Africa CC include in its gross income for the 2022/2023 year of assessment?

QUESTIONS WITH ANSWERS LML4804 Assignment 3 Semester 2 2023

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QUESTIONS WITH ANSWERS

Mr. Xaba, a South African resident worked for Acce Pty Ltd (“Acce”) as an electrician for 15 years. As a result of the Covid-19 pandemic that hit the world, Acce decided to retrench the technical employees including Mr. Xaba. He was given a severance package of R5 million. Mr. Xaba is married in community of property to his childhood sweetheart, Marcia and they stay in Waterkloof, Pretoria. They bought the house in 2011 for R900 000. They also own a holiday house in Jeffrey’s B...

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latest questions and elaborate answers

latest questions and elaborate answers

QUESTIONS AND ANSWERS