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Mrs Bhekisizwe has recently started a small business that sells designer clothing. She received only cash amounts of R 6 3 2 0 0 0

Mrs Bhekisizwe has recently started a small business that sells designer clothing. She received only cash amounts of R632000 for the period 1 September 2023 to 29 February 2024. This is the first year of trade. Mrs Bhekisizwe would like to know if she would qualify as a micro business.
Which one of the following statements is correct regarding Mrs Bhekisizwes status with regards to qualifying as a micro business?
a.
She qualifies as a micro business as the receipts of R632000 are more than the R500000 proportional turnover limit.
b.
She does not qualify as a micro business as the receipts of R632000 are more than the R500000 proportional turnover limit.
c.
She does not qualify as a micro business, as the receipts of R632000 are not more than the R1 million turnover limit.
d.
She qualifies as a micro business as the receipts of R632000 are less than the R1 million turnover limit.

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