An entity has the following income and expenditure for the financial year: Sales R 33000; Rent expenses
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Question:
An entity has the following income and expenditure for the financial year:
Sales R 33 000;
Rent expenses R11 000;
Interest income R1 000;
Insurance R1 500.
What is the net profit or the net loss of the entity?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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