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Which forms of business are taxed using Income Tax based on Profit rather than Corporation Tax? Ltd & PLC Sole Trader & Partnership Sole Trader

  1. Which forms of business are taxed using Income Tax based on Profit rather than Corporation Tax?

  1. Ltd & PLC

  1. Sole Trader & Partnership

  1. Sole Trader only

  1. Ltd only

  1. What is the rule regarding the Purchase Returns T account in Double-Entry Book-keeping?

  1. You can only input transactions on the Debit side

  1. You can only input transactions on the Credit side

  1. You can input transactions on either side

  1. You cant input transactions at all as the account doesnt exist

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