Page 14 - Trading Stock
P. 14

Example:  s23F







          A Ltd purchased R100 000 worth of stock.  The


          goods had not yet been delivered at year end.



          The company has a 31 December year end.



          The goods were only received by A Ltd on 3 February


          2016.  A Ltd paid for the goods on 28 December


          2015.



          What are the tax implications?





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