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An Analysis Of The Term Actually Incurred In Section 11(a) Of Income Tax Action Act No 58 Of 1962
Beginning of essay
An Analysis of The Term Actually Incurred In Section 11(a) of Income Tax Action
STUDENT NO. CRWPET005
APRIL 1996
A TECHNICAL REPORT TO BE PRESENTED TO
THE DEPARTMENT OF ACCOUNTING
UNIVERSITY OF CAPE TOWN
IN PA ....
Middle of essay
....cognised in the income statement on the basis
of a direct association between the costs incurred and the and the
earning of specific items of income. This process, commonly
referred to as the matching of costs with revenues, involves the
simultaneous or combined recognition of revenues and expenses that
result directly and jointly from the same transaction or other
events;
The fisc takes little notice of these rules when it .... |
| Number of words: 4108 |
Approximate pages: 15 |
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