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ACC301 Income Tax Assessment Assignment Sample

Tax Law - Question 1 Tax Law - Part 1 Statement of Assessable Income For the year ending June 30, 2019 All Amounts in $000 Salaries   From: Local college 31000 Less standard Deduction 0 Income from house property 0 Profits and gains of business *(W1) 1233 …

ACC301 Conceptual Framework in Accounting Assignment Sample

Accounting Theory and Contemporary Issues Role of Conceptual Framework In financial statements various parts are based on the judgment and estimates rather than the exact figures or positions. The conceptual framework helps in providing the concepts that are underlying in respect of the judgments or the estimates that are made (Potschin-Yound et. al., 2018). The conceptual framework assists in developing the future standards of accounting a…

ACC301 Tax Law Assignment Sample

Case Study: Michael Answer to Question- 1 :- ASSESSABLE INCOME FOR THE YEAR ENDED 30.06.2019   PARTICULARS AMOUNT($) PROFIT FROM OPERATION  $ 640,000.00 (915000-275000)   ADD:RENTAL FROM PROPERTY  $ 95,000.00 ADD:EXCESS PAYMENT…

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