Income taxes - Study guides, Study notes & Summaries

FAC3701 ASSIGNMENT 1 SEMESTER 1 OF 2023 [] REQUIRED: (a) Prepare the relevant journal entry to correctly record the dividends transaction in additional information (3) in the accounting records of Mathew Ltd for the financial year ended 31 December 2022. (b) Prepare the relevant journal entry to correctly record the sales transaction of Machine Stitch on 01 January 2022 (refer to additional information (1) in the accounting records of Mathew Ltd for the financial year ended 31 December...

TAX3761 - Learning Unit 10 - 17 Notes/Summary Notes and summaries of learning unit 10-17 10 - Individuals : Income and expenses 11 - Fringe Benefits and allowances 12 - Lump sum benefits 13 - Non-residents 14 - Prepaid taxes 15 - Trusts 16 - Donations Tax 17 - Estate duty

ECS2602 - Macroeconomics SUMMARY STUDY NOTES 2022. Learning unit 1: An overview of the South African Macroeconomic Environment Economic growth - Economic growth takes place when the total output (production) of goods and services in an economy increases. It is traditionally defined as the annual rate of increase in total output (production) or income in the economy. This definition has to be qualified in two important respects. 1. Production, or income should be measured in real terms ...

TAX3703 - Taxation of Estates Study Guide (Summary Notes And Revision Questions). What is estate planning? Estate planning enables people to arrange their financial affairs in such a way that they can enjoy maximum benefit from their assets during their lifetime and that their heirs can derive maximum benefit after their (the estate planners') death. Estate planning is a process consisting of two phases. One phase takes place during the planner's lifetime and the other phase happens after ...

TAX3703 - Taxation of Estates Study Guide (Summary Notes And Revision Questions). What is estate planning? Estate planning enables people to arrange their financial affairs in such a way that they can enjoy maximum benefit from their assets during their lifetime and that their heirs can derive maximum benefit after their (the estate planners') death. Estate planning is a process consisting of two phases. One phase takes place during the planner's lifetime and the other phase happens after ...

A summary of different types of taxes, current income tax (calculation, taxable vs accounting profits, temporary and permanent differences, provisional tax payments, presentation and disclosure) and deferred tax (definitions, measurement on the income statement method and the balance sheet method, calculation of the tax base of an asset and a liability, creating deferred tax assets and liabilities and presentation of deferred tax)

ECS2602 SUMMARY STUDY NOTES. This is a complete and an all-inclusive guide to ECS2602 SUMMARY STUDY NOTES. An overview of the South African Macroeconomic Environment Economic growth - Economic growth takes place when the total output (production) of goods and services in an economy increases. It is traditionally defined as the annual rate of increase in total output (production) or income in the economy. This definition has to be qualified in two important respects. 1. Production, or in...

Content covered: - National income accounting. - GPD vs GNI. - Different types of GDP. - Expenditure approach. - Income approach. - Other national accounts.

this document is a complete summary of income taxes with lots of examples and steps on how to attempt questions

FAC1601 SUMMARY STUDY NOTES. Current liability shall be classified as such when: ⦁ It is expected to be settled in the entity’s normal operating cycle. ⦁ Held primarily for the purpose of being traded ⦁ It is due to be settled within twelve months after the balance sheet ⦁ The entity does not have an unconditional right to defer settlement of the liability for at least twelve months after the balance sheet date. Bank overdraft, current portion of non-current liabilities, dividend...