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Thread: Car instalment sale asset or liability

  1. #11
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    exceptions:

    f)vehicles, constructed as or permanently converted into hearses for the transport of deceased persons and used exclusively for that purpose;"

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    Quote Originally Posted by dellatjie View Post
    @Beancounter

    Are you sure about the hearse not being claimable? It doesn't make sense to me?
    That was what we were advised by the SARS call centre and we had a good laugh about it in the office.

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    Quote Originally Posted by Dave A View Post
    Not sure what concerns you here.

    The detail of full liability over the term and the deferred interest portion is normally in the notes. When it comes to the balance sheet, the amount reflected is the result of the full term liability less the deferred interest portion - which altogether seems a fair enough way to reflect the current financial position.
    I agree Dave. Guess its different strokes for different folks

  4. #14
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    I am starting to think that Call Centre operators are merely there to read details from a screen to us, not to think!

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