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Forums › ACCA Forums › ACCA TX Taxation Forums › Inserting 0, nil and exempt
Hi I think I need a bit of clarification on inputting these into my columns when doing the tax paper. for example doing income taxes when there is a loss must NIL be inserted or can I put 0. for exempt items do we write exempt or 0 and in which instance would it be marked incorrect?
Thank you.
You should always put 0 instead of Nil. This will avoid any formula errors that may possibly arise. It’ll save your time in exam as well.
Good luck.
