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determine the partners divisible income equally. the capital allowance for the partnership business for ya 2018 is RM6000 QUESTION 2 The following information is available
determine the partners divisible income equally. the capital allowance for the partnership business for ya 2018 is RM6000
QUESTION 2 The following information is available for Sudah & Habish Enterprise, a partnership for the basis year 2018: RM Net profit 25,000 Partners' salaries 30,000 (RM15,000 for each Partner) Partners' private expenses (incurred by Sudah) 6,000 Sudah and Habish have agreed to share their income equally. The capital allowances for the partnership business for YA 2018 is RM6,000. (i) Required: Determine the partners' divisible income and statutory income for Year of Assessment 2018. (20 marks)Step by Step Solution
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