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Ngwenya (Pty) Ltd has a 28 February 2025 year end. A doubtful debts allowance...
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Ngwenya (Pty) Ltd has a 28 February 2025 year end. A doubtful debts allowance of R48 000 was claimed in the 2024 tax assessment. The debtors outstanding older than 60 days but less than 120 days was R260 000 at 28 February 2025. (Assume IFRS 9 is not applied by the company).
Ngwenya (Pty) Ltd has a taxable income of R225 000 before taking into account this information.
Calculate Ngwenya (Pty) Ltd's taxable income after taking the above into account for the 2025 year of assessment.❌
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