21. Bili 4.0 Which TWO of the following statements about the cash basis of assessment are correct? () A. The trader can deduct capital expenditure on plant and machinery (other than motor cars) as business expenses rather than using capital allowances B. The trader must prepare accounts to 5 April each year OC. A trader can start to use the cash basis if his receipts for the tax year do not exceed the value added tax (VAT) registration threshold D. Under the cash basis, a trader can offset losses against other income or gains