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TOP ONE TRADING COMPANY is a company incorporated in Cambodia since 2014. TOP ONE TRADING COMPANY is merchandising company, and company has two major products. Under the tax regulations, TOP ONE TRADING COMPANY is required to calculate and pay annual Tax on Profit. The following financial statements in relation to the tax year ended 31 December 2016. TOP ONE TRADING

Section A Please choose the following non-deductible expenses or deductible expenses according to tax law for each question. Company makes Khmer Yew Year party for staff of $2,000. A. Non-deductible expenses B. Deductible expenses Accounting depreciation expense of $3,000. A. Non-deductible expenses B. Deductible expenses Company makes provision policy for warranty expense of 2% of sold product sale. A. Non-deductible

Gold Trading Company is a merchandising company incorporated in Cambodia in 2014. Gold Trading Company purchases and sells phones, LCD and computers to local customers and distributers.  Under the tax regulations, Gold Trading Company is required to calculate and pay annual Tax on Profit. The following extracts for provisions have been provided by Gold Trading Company’s accountant in relation to

PTT Consulting Company Co., Ltd is a new service company incorporated in Cambodia in 2015. Under the tax regulations, PTT Consulting Company Co., Ltd is required to calculate and pay annual Tax on Profit. Revenues from each month for 2016 as follows: Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Revenue          –  

Gold Consulting Company Co., Ltd is a new service company incorporated in Cambodia in 2015. Under the tax regulations, Gold Consulting Company Co., Ltd is required to calculate and pay annual Tax on Profit. Gold Consulting Company Co., Ltd is subject to profit tax rate of 20%. Financial statements of Gold Consulting Company Co., Ltd are as follows. Gold

XYZ is a new company incorporated in Cambodia in 2015. Under the tax regulations, XYZ is required to calculate and pay annual Tax on Profit. The following extracts of transactions for fixed assets in relation to the tax year ended 31 December 2016. On 20 January, company purchased a car of $20,000. On 29 April, company purchased five computers of

Top Trading Group Co.,Ltd is merchandising company, and company has two major products. Under the tax regulations, Top Trading Group Co.,Ltd is required to calculate and pay annual Tax on Profit. The following extracts of transactions for financial statement in relation to the tax year ended 31 December 2016. The assumptions for company are as follows: Net profit/(Loss) after

Top Trading Group Co.,Ltd is merchandising company, and company has two major products. Under the tax regulations, Top Trading Group Co.,Ltd is required to calculate and pay annual Tax on Profit. The following extracts of transactions for financial statement in relation to the tax year ended 31 December 2016. Top Trading Group Co.,Ltd   Income Statement   For 2016

PEB IMPORT & EXPORT Co.,Ltd  is local company that makes accounting transactions locally and overseas, and company buys and sells  two major goods such as cars and computers , but cars are imported from overseas while computers are bought from local market. Under the tax regulations, PEB IMPORT & EXPORT Co.,Ltd  is required to calculate and pay annual Tax

XYZ is a company incorporated in Cambodia since 2012. XYZ purchases and sells goods to local customers and distributers. Under the tax regulations, XYZ is required to calculate and pay annual Tax on Profit. The following extracts for equity, liability, sales, profit and costs of goods sold have been provided by XYZ’s accountant in relation to the tax year ended