Magnus (Pty) Ltd provided you with the following information regarding the company's income and expenses for the

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Magnus (Pty) Ltd provided you with the following information regarding the company's income and expenses for the 2023 year of assessment:

Sales = 1 000 000,

opening stock 150 000,

closing stock = 125 000.

In addition to this, the company made purchases of R350 000 during the year.

Based on the information above, what is the taxable income for Gala (Pty) Ltd for the 2023 year of assessment.

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Financial Accounting

ISBN: 9781743767382

9th Edition

Authors: Craig Deegan

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Posted Date: Sep 28, 2023 04:02 AM

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Magnus (Pty) Ltd provided you with the following information regarding the company's income and expenses for the

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Financial Accounting

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