Page 25 - TAX4862/2 APPLIED TAXATION
P. 25

GENERAL DEDUCTION FORMULA








             Class Question




                  XYZ (Pty) Ltd operates a super market that

                  sells groceries.





                  The company purchases stationery for R1

                  000 for use


                  in the manager's office.




                  Is this expense incurred in the production of


                  income?













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