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Identify and explain instances when a capital statement may be required.

      

Identify and explain instances when a capital statement may be required.

  

Answers


Wilfred
When capital statements may be required
- When proper books of accounts have not been maintained
- When no books accounts are maintained at all and estimates can be made.
- When income provided by the tax payer is questionable this can instigate an investigation.
Wilfykil answered the question on February 25, 2019 at 10:38


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