Tax3701 notes Study guides, Study notes & Summaries

TAX3761 NOTES AND VIDEOS
Summary • 1148 pages • 2021

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TAX3701 2021 EXAM & NOTES PACKS
Exam (elaborations) • 121 pages • 2021

Skhothana (Pty) Ltd (Skhothana) is a South African company that imports luxury fashion clothing brands from overseas to resell locally. Skhothana is registered for Value-Added Tax (VAT) on the invoice basis and has a two-month tax period. The following amounts relate to receipts and payments for the two-month period ending 31 March 2014. Where applicable, all amounts are exclusive of VAT, unless otherwise stated. Receipts Notes R Cash sales 150 000 Credit sales 490 000 Rentals 1 140 400 ...

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Skhothana (Pty) Ltd (Skhothana) is a South African company that imports luxury fashion clothing brands from overseas to resell locally. Skhothana is registered for Value-Added Tax (VAT) on the invoice basis and has a two-month tax period. The following amounts relate to receipts and payments for the two-month period ending 31 March 2014. Where applicable, all amounts are exclusive of VAT, unless otherwise stated. Receipts Notes R Cash sales 150 000 Credit sales 490 000 Rentals 1 140 400 ...

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