Q:2 Sunrise Trading Co., Ltd. is a registered wholesale company operating in Thailand on online commercial...
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Q:2 Sunrise Trading Co., Ltd. is a registered wholesale company operating in Thailand on online commercial platform. During the June 2022 accounting period, the company experienced a busy season and sold various goods, resulting in total sales of 14,567,000 baht. The breakdown of the company's earnings and expenses is as follows: 1. What is total Output VAT of Sunrise Trading Co., Ltd. in June 2022 (please, show the calculation in a systematic, step-by-step manner) 2. What is total Input VAT of Sunrise Trading Co., Ltd. in June 2022 (please, show the calculation in a systematic, step-by-step manner) 3. What is VAT to be paid of Sunrise Trading Co., Ltd. in June 2022 (please, show the calculation in a systematic, step-by-step manner) MA Q:2 List of sold product in June 2022 Racing toy Kitty Sponge Iron Pan Little microwave Yati bottle Super tape Hi-tech lamp List of Expense in June 2022 Racing toy Kitty Sponge Iron Pan Little microwave Yati bottle Super tape Hi-tech lamp Investment in electronic payment devices Building Expansion for raw material Tools for service in Warehouse forklift Sold units Bought units 1,000 50,000 300 20 4,000 30,000 4,000 30,000 65,000 1,400 30 5,000 35,000 6,500 1 1 12 1 Price/ unit Price/ unit 199 29 499 2,500 199 45 199 45 7 245 780 78 5 145 10,000 100,000 1,500 370,000 Q:2 Sunrise Trading Co., Ltd. is a registered wholesale company operating in Thailand on online commercial platform. During the June 2022 accounting period, the company experienced a busy season and sold various goods, resulting in total sales of 14,567,000 baht. The breakdown of the company's earnings and expenses is as follows: 1. What is total Output VAT of Sunrise Trading Co., Ltd. in June 2022 (please, show the calculation in a systematic, step-by-step manner) 2. What is total Input VAT of Sunrise Trading Co., Ltd. in June 2022 (please, show the calculation in a systematic, step-by-step manner) 3. What is VAT to be paid of Sunrise Trading Co., Ltd. in June 2022 (please, show the calculation in a systematic, step-by-step manner) MA Q:2 List of sold product in June 2022 Racing toy Kitty Sponge Iron Pan Little microwave Yati bottle Super tape Hi-tech lamp List of Expense in June 2022 Racing toy Kitty Sponge Iron Pan Little microwave Yati bottle Super tape Hi-tech lamp Investment in electronic payment devices Building Expansion for raw material Tools for service in Warehouse forklift Sold units Bought units 1,000 50,000 300 20 4,000 30,000 4,000 30,000 65,000 1,400 30 5,000 35,000 6,500 1 1 12 1 Price/ unit Price/ unit 199 29 499 2,500 199 45 199 45 7 245 780 78 5 145 10,000 100,000 1,500 370,000
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Calculate these values 1 Total Output VAT Calculation Output VAT on Sales Racing ... View the full answer
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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