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TAX 2601 EXAM ELABORATIONS 2023

S - The study-notes marketplace 3 TAX2601 Oct / Nov 2021 [TURN OVER] QUESTION 1 (25 marks, 30 minutes) GoSolar (Pty) Ltd (GoSolar) is a South African company that manufactures solar panels for commercial and residential use, in an industrial area of Johannesburg. The company’s year of assessment ends on 31 March 2021. It is not a small business corporation as defined in the Income Tax Act. Since the company’s accountant is unfamiliar with tax matters, they have requested your assista...

QUESTION 1 17 When interpreting the wording used in the Income Tax Act, the application of the contra fiscum rule may be necessary. What does this mean? (1) The court will apply the interpretation that is more favourable to SARS. (2) The court will apply the interpretation that places the bigger burden on the taxpayer. (3) The court will apply the interpretation that places the smaller burden on the taxpayer. (4) The court will apply the interpretation that is fair for both SARS and the t...

ACCOUNTING REPORTING Learning outcome You should be able to prepare the financial statements (i.e., the statement of profit or loss and other comprehensive income, the statement of changes in equity and the statement of financial position) and the notes to the financial statements of a sole proprietor and, a non-profit organisation and you should be able to prepare proper books from incomplete records. 3 Study units 15 FINANCIAL STATEMENTS OF A SOLE PROPRIETORSHIP 16 NON-PROFIT ENTITIE...

1 1 CHRIST SEMINARY – Polokwane (A Ministry of Christ Baptist Church Polokwane) Historical Theology I Lecturer: Johann Odendaal First Semester – January – June 1. INTRODUCTION  Why is it important to study Church History? o Some might argue that it is not necessary to bother about the past, since it is only the present that matters. o Still others may question the relevancy of Church History. To that, us as Christians can boldly reply that:  The whole of the Christian pa...

Monetary Economic – ECS3701 CHAPTER 1 - WHY STUDY MONEY, BANKING AND FINANCIAL MARKETS. WHY STUDY FINANCIAL MARKETS Financial markets such as bond and stock markets are crucial to promoting greater economic efficiency by channeling funds from people who do not have a proper use to people who do. Well functioning financial markets are a key to producing high economic growth and have direct effects on personal wealth, behavior on business consumers and the cyclical performance of the econo...

QUESTION 1 (45 marks) (81 minutes) The following are extracts from the trial balances of the entities in the Faf Ltd Group for the year ended 31 December 2021: Faf Ltd Imran Ltd Jonty Ltd Dr/(Cr) Dr/(Cr) Dr/(Cr) R R R Property, plant and equipment at cost price ......... 884 209 378 668 290 000 Investments in equity instruments: - Imran Ltd at cost price ....................................... 153 000 - - - Jonty Ltd at cost price ....................................... 60 000 - - ...

TOPIC ONE - OPERATIONS ROLE OF OPERATIONS MANAGEMENT ● Strategic role of operations management - cost leadership, good/service differentiation STRATEGIC ROLE = Achieving a competitive advantage by maximising profits for the long-term. COST LEADERSHIP = Having the lowest operations costs to be the most price-competitive in the industry (economies of scale, use of standard components, lean production) GOOD/SERVICE DIFFERENTIATION = Having a product/service that is uniquely different...

S - The study-notes marketplace Page 6 of 10 IMPORTANT NOTE· Each question is based on a separate scenario. Read the relevant scenarios before answering the questions. Your answers must be contextualised within the given scenarios. QUESTION 1: MEMORANDUM Read the scenario and follow the instructions to write a memorandum to all staff members at Umfolozi Accountants. SCENARIO: Joshua is the CEO of Umfolozi Accountants and he wants to reward his staff members with a glamorous year-end ...

S - The study-notes marketplace CONFIDENTIAL Page 2 of 7 HRM2605 September/November 2021 [TURN OVER] ANSWER ALL THREE (3) OF THE FOLLOWING QUESTIONS. QUESTION 1 Read the following scenario and then answer the questions that follow. Remember: your answers should relate to the information provided in the scenario Naledi Lekota is a working mother that hardly has time to relax after hours. She works extremely hard and has been working at the Val-De-Grace Hospital for more than 10 years. N...