21. Si S 4.0 Which TWO of the following statements about the cash basis of assessment are correct? O 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 OD. Under the cash basis, a trader can offset losses against other income or gains