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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 R for the period September to February 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 R are more than the R proportional turnover limit
b
She does not qualify as a micro business as the receipts of R are more than the R proportional turnover limit
c
She does not qualify as a micro business, as the receipts of R are not more than the R million turnover limit
d
She qualifies as a micro business as the receipts of R are less than the R million turnover limit
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