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The table below represents an income and expenditure statement of a small company Study the income and expenditure statement and answer the questions that follow:
The table below represents an income and expenditure statement of a small company
Study the income and expenditure statement and answer the questions that follow:
Calculate the value of the total income
Calculate the value of Expense on water and electricity
Name the highest and the lowest expense items.
Show by means of calculations that the taxable profits are R
: If the total income of the company were Value Added Tax VAT inclusive
of calculate the value of VAT that should be paid to South African
Revenue Services SARS by the company.
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