On July 2022, a vat registered taxpayer engaged in merchandising have an input tax of P140,000 from
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Question:
On July 2022, a vat registered taxpayer engaged in merchandising have an input tax of P140,000 from purchases and the following transactions during the month:
Exempt sales | P400,000 |
Export sales | 600,000 |
Sales to government | 200,000 |
Regular sales | 800,000 |
How much is the vat payable attributable to export sales?
How much is the vat payable attributable to regular sales?
How much is the vat payable on purchases is attributable to sales to government?
answers given provide a solution.
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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