TAX3701
Assignment 2 Semester 2 2024
Detailed Solutions, References & Explanations
Unique number: 798141
Due Date: 13 September 2024
QUESTION 1
Gross Income
Total Sales 7,520,000 All sales are VAT exclusive unless
otherwise stated.
Export Sales (irrecoverable debt) (17,500) Export sales to Germany were
irrecoverable due to liquidation, thus
excluded from gross income (Section
11(i)).
Gross Income After Adjustments 7,502,500
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