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Ngwenya (Pty) Ltd had closing trading stock with a value of R1 200 000 at the en...
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Ngwenya (Pty) Ltd had closing trading stock with a value of R1 200 000 at the end of the company's year of assessment on 29 February 2024. The trading stock was sold by the company for R1 400 000 during its 2025 year of assessment ended 28 February 2025.
Calculate taxable income of Ngwenya (Pty) Ltd for 2025 year of assessment.
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