Question
Ngwenya (Pty) Ltd had the following bad debts as at 28 February 2022: Bad debts - relating to trade debtors - Namibian located customers =
Ngwenya (Pty) Ltd had the following bad debts as at 28 February 2022: Bad debts - relating to trade debtors - Namibian located customers = R68 000 Bad debts - relating to trade debtors - South African located customers = R154 000 Bad debts - relating to loans made to former employees = R17 800 (including interest charged on the loans of R1 980) Calculate the amount that Ngwenya (Pty) Ltd can deduct for tax purposes with regards to the bad debts it has incurred during the year of assessment ending on 28 February 2022.
a.R222 000
b.R154 000
c.R239 800
d.R223 980
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