Tax 3701 Study guides, Study notes & Summaries

TAX3701 Assignment 2 Semester 2 2022 TAX3701 Assignment 2 Semester 2 2022

OCTOBER / NOVEMBER 2011 SOLUTION 1: ACCOUNTING POLICIES, HANGERS IN ACCOUNTING ESTIMATES AND ERRORS, IAS 10 (AC107) – EVENTS AFTER THE REPORTING PERIOD 1AS12 (AC102) – INCOME TAXES AND IAS 18 (AC111) REVENUE Question 1.1. Calculation of corrected profit before Tax of rainbow Limited for the year ended 28 February 2011 R Provisional profit 690 000 Cash on delivery sales – reversed (40 000) Credit loss [ 10 000 – 0.10) (9000) Change in accounting estimate (300 000 / 2 – 500 00...

ECS3701_Notes_ Monetary Economics.STUDY NOTES 2022 (All Units). CHAPTER 1: WHY STUDY MONEY, BANKING AND FINANCIAL MARKETS Why study financial markets? Securities - a claim on the issuer’s future income or assets that is sold by a borrower to a lender. Securities may also be referred to as financial instruments. Financial instruments may be divided into two main categories: money market instruments (e.g. Negotiable Certificate of Deposit (NCDs), Commercial Papers; Retirement Annuity (RAs...

QUESTIONS

QUESTION 1 What is the output VAT on the income from transporting goods? (1) R63 375 (2) R84 783 (3) R97 500 (4) Rnil R650 000 × 15/115 = R84 783 3 QUESTION 2 What is the output VAT on the income from transporting passengers? (1) R28 614 (2) R30 391 (3) Rnil – exempt supply (4) Rnil – zero-rated supply  Note that the supply of public transport by road or rail is exempt from VAT if the transportation o takes place between two places within the RSA o is of fare-paying pass...

Question 1 Tax liability of eZhonda (Pty) Ltd for the year of assessment ended 28 February 2019. Rand Rand Taxable income 73 859 000,00 Factory Building (Section 13) = * 5% - 525 000,00 Restraint of Trade (Section 11(cA) = less than 3 year therefore 3mil/3 - 1 000 000,00 Research & development costs (Section 11D) = 600 000 * 150% - 900 000,00 Patent purchased (Sec 11(gC)): cost less than 5000 hence full deduction allowed - 4 500,00 © CTM Tutoring All rights reserved +19 Amount (R )...

LEV 3701 Law of Evidence EXAM PACK - STUDY GUIDE - UNISA LEV 3701EXAM PACK,STUDY NOTES WITNESSES DEFINITIONS: Competence: Whether a particular person has the mental capacity to testify. SECTIONS: Sec 192 of the CPA: Every person not expressly excluded by the Act from giving evidence is competent & compellable, subject to Sec 206. Sec 206: The law, which was in force in respect of criminal proceedings on The 30th of May 1961 with respect to competence & compellability, is applicable i...

CONTENTS MAY/JUNE 2013……………………………………………….3 OCT/NOV 2013…………………………………………………11 MAY/JUNE 2014……………………………………………….18 OCT/NOV 2014…………………………………………………25 MAY/JUNE 2015……………………………………………….34 FIN 3701 MAY/JUNE 2013 Section A Q1 2 initial investment Cost (200 000) Net working capital 5000 Inventory 3000 Receiv...

TAX 3701