Study notes: Second year:

Gross income

All second year study notes

Second year crib note – Capital in nature

I hope university is going great for all our second year students. This week we will consider the meaning of receipts and accruals of a capital nature.

Second year crib note – Gross income – accrued to

I hope university is going great for all our second year students. This week we will consider the meaning of “accrued” in the definition of “gross income”.

Second year crib note – Gross income- received by

As we are approaching another week of lectures on the definition of “gross income”, it is our aim to keep you updated. This week we will consider the meaning of “received by” in the definition of “gross income”.

Second year crib note – Gross income- total amount in cash or otherwise

I trust that all of you had a great first week at university. As we are approaching the second week of lectures we hope to keep your tax knowledge updated.