e at cost. Abdalla accepted of 1, 00000B / R on 3rd June 2016. Kareem discounted it from bank at 90,000 and paid 3,000 wages, 2,000 railway freight and 1000 packing expenses. Abdalla paid 1,000 for unloading , 500 tax and 2,000 go down rent. Abdalla received 5% general commission and 2% Delcredere commission . Abdalla sold 100 cycles for cash at 1800 pe

e at cost. Abdalla accepted of 1, 00000B / R on 3rd June 2016. Kareem discounted it from bank at 90,000 and paid 3,000 wages, 2,000 railway freight and 1000 packing expenses. Abdalla paid 1,000 for unloading , 500 tax and 2,000 go down rent. Abdalla received 5% general commission and 2% Delcredere commission . Abdalla sold 100 cycles for cash at 1800 pe

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 22P

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