deduction - actually incurred Flashcards
(3 cards)
1
Q
Nasionale Pers Bpk
A
If a payment is contingent upon the happening of an uncertain future event, the expense and corresponding liability can only be actually incurred once the conditions are met
2
Q
Edgars stores
A
An expense can only be deducted once there is an unconditional legal obligation to pay the expense
3
Q
Golden dumps (pty) Ltd
A
Where an obligation to pay an amount is in dispute, me expense can only be actually incurred when the dispute is settled with regards to the obligation and the amount thereof..
