Page 15 - Trading Stock

Solution: s23F

Stock not included in closing stock – no deduction in 2015,

If stock was not included as part of trading stock:

 2015: No deduction will be allowed for the purchase of

stock ito s11(a) and stock will not be included in closing

stock.

 2016: Deduction will be allowed for the purchase of stock

ito s11(a)

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