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ABC Lid. incurred a net aperating loss of R 1 0 0 0 0 0 in the curfent tax year. Sauth African tax iow allows
ABC Lid. incurred a net aperating loss of R in the curfent tax year. Sauth African tax iow allows for the carryforward of losses. What is the polential accouneng treatment for Alc Lid s net coperating loss?
Pay laxes on it mmediately
B Deduct trom currenty year facatle income
Recognize if as a delorred tax asset
D Ignore it lor lax pupposes
for aly shoite
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